• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 2019

Description

FOCUS

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.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Investors

PEOPLE

FOUNDERS:
Brad Katsuyama
Board Members and Advisors:
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:
51-200
INVESTORS:
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.
KEY EMPLOYEES:
Brad Katsuyama (CEO); Rob Park (CTO); John Schwall (COO); Jeff Charney (CMO); Eric Stockland (Chief Strategy Officer); Claudia Crowley (Chief Regulatory Officer)

TRACTION

VALUATION / MARKET CAP:
$937.5 MM in 2015
VALUATION COMMENT
According to third-party data sources, the company's valuation is at $937.5 million. (May 2015)
COMMENT:
At present, the company holds 2.5% of the market share in US equity trading . (Feb. 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$100.9 Millions
DATE OF LAST FUNDING:
May 2015
FUNDING SERIES:
SERIES A
$1.5 Millions Closed: Jun 2012
SERIES B
$24.4 Millions Closed: Mar 2013
SERIES C
$75 Millions Closed: Sep 2014
LISTED:
NO
COMMENT:
An undisclosed amount was raised in a venture round in May 2015.

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