IEX Group, Inc.

IEX Group, Inc. is a U. S. -based company specializing in equity and options trading, committed to enhancing execution quality and ensuring a fair trading environment through innovative technology.

Founded in 2012 and headquartered in New York, IEX Group, Inc. operates a stock exchange designed to improve trading practices in the U. S. Brad Katsuyama, who co-founded the company, has a background in finance and previously worked at the Royal Bank of Canada.

The company has raised a total of USD 75. 00 mn through Series C funding led by Spark Capital, with investors including Bain Capital and MassMutual Ventures. Their most recent deal was completed on December 3, 2020. IEX Exchange focuses on facilitating U.

S. equity and options trading, utilizing innovative technology to enhance execution quality. Their offerings include The Signal, a machine learning-based algorithm for identifying price instability, and unique order types like the Discretionary Peg (D-Peg), catering to broker-dealers and retail investors. IEX aims to provide high-quality trading access and liquidity across the U.

S. market. IEX Exchange generates revenue primarily through transaction fees for trade executions on their platform, charging based on trade volume and order types. Their client base includes broker-dealers and retail investors, leveraging partnerships to enhance liquidity and trading services.

The revenue model focuses on performance and execution quality to attract a diverse clientele. IEX Group, Inc. aims to launch new products designed to enhance trading performance and expand into new geographic markets. The company plans to utilize the USD 75.

00 mn raised in their latest funding round, which was completed in December 2020, to support these initiatives and strengthen their market position.