Project Description

A market center that protects the investor, New York-based IEX, which launched its platform in 2013, is the first equity trading venue owned exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices. Dedicated to institutionalizing fairness in the markets, IEX uses a unique market design to protect traditional investors from market structure vulnerabilities, primarily through technology, pricing and transparency. IEX provides a more balanced marketplace via simplified market structure design and cutting-edge technology, and offers a fair-access platform to any qualified broker dealer. IEX is driven by a team of cross-industry experts with backgrounds spanning market venues, electronic trading, and broker-dealers.

Co-investors: Bain Capital Ventures, Spark Capital, Pershing Square Capital Management, Sapphire Ventures, Steve Wynn, Maverick Capital, Franklin Templeton Investments, Belfer Management, Scoggin Capital Management, and Capital Group