IEX offers a stock exchange platform which matches orders for buying and selling securities. The company supports displayed and non-displayed trading, and the routing of orders to other trading centers. It also focuses on investor protection and performance by creating a market which helps to increase shares traded at the available price, reduces information leakage, removes informational disadvantages & determined inefficiencies, and advertises an opportunity for natural interest to interact without unnecessary intermediation. Recently, IEX was selected for the 2019 Forbes FinTech 50 startups list.
PRODUCTS & SERVICES:
The equity trading platform offers online trading services in equity securities for registered broker-dealers. It helps them by providing services such as matching, quoting, and routing of various regulation National Market System (NMS) securities. It provides IEX ATS which works as an automated electronic limit book for orders to buy and sell NMS equity securities. It also develops Stocks, a web application to offer real-time stock quotes, charts, trading analyses, financial news, and market overview.
Brad Katsuyama, Jeff Charney, William H. Donaldson, Brian T. Levine, Jonathan Mariner, Wade I. Massad, Joseph Scafidi, Helen S. Scott, Jeffrey Sonnenfeld, , Jatin Suryawanshi.
NUMBER OF EMPLOYEES:
Bain Capital Ventures, Belfer Management, Brandes Investment Partners, Capital Group, Franklin Templeton Investments, Greenlight Capital, James Clark, MassMutual Ventures, Maverick Capital, Pershing Square Capital Management, Sapphire Ventures, Scoggin Capital Management, Senator Investment Group, Spark Capital, Steve Wynn, TDF Ventures, and Third Point Ventures.
Brad Katsuyama (CEO); Rob Park (CTO); John Schwall (COO); Jeff Charney (CMO); Eric Stockland (Chief Strategy Officer); Claudia Crowley (Chief Regulatory Officer)
VALUATION / MARKET CAP:
$937.5 MM in 2015
According to third-party data sources, the company's valuation is at $937.5 million. (May 2015)
At present, the company holds 2.5% of the market share in US equity trading . (Feb. 2019)
DATE OF LAST FUNDING:
$1.5 Millions Closed: Jun 2012
$24.4 Millions Closed: Mar 2013
$75 Millions Closed: Sep 2014
An undisclosed amount was raised in a venture round in May 2015.