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Research Report| January 29, 2019

Exposing how stock exchanges abuse their privilege and power for monopolistic profits

IEX has become the first stock exchange to publicly disclose extensive details about its own costs to provide market data and connectivity to market participants such as investors, brokers, and market makers. The report provides detailed evidence that NYSE, Nasdaq, and Cboe are leveraging their unique regulatory position to egregiously overcharge the industry for the market data and connectivity needed to compete in modern markets.

Read the report › Read our amicus brief supporting the SEC in the SIFMA market data fee case ›

1 ETF (exchange-traded fund)

Wonder cable

Introducing the WonderCable, enabling shockingly basic access at a shockingly high price.

Are the traditional stock exchanges overcharging you?

Watch the video and learn more ›
 

We're building fairer markets.

IEX Group operates the Investors Exchange (IEX), a stock exchange for U.S. equities that is built for investors and companies. Some of the largest, most conscientious shareholders in the world support us.

Learn more about IEX Group ›

We're building fairer markets.

IEX Group operates the Investors Exchange (IEX), a stock exchange for U.S. equities that is built for investors and companies. Some of the largest, most conscientious shareholders in the world support us.

Learn more about IEX Group ›

Led by our values,
motivated by our mission.

Since day one, IEX has been committed to increasing fairness and transparency in capital markets. We want to change the relationship between Wall Street and Main Street by building trust, providing choice and helping companies put their investors first.

Demand better.

IEX Group was started when our co-founders discovered inequalities in the stock market that were enriching the big exchanges while investors representing pensions and mutual funds were left with the short end of the stick.

It’s time to reimagine, rethink, and rebuild.

Learn more ›

Trade better.

We designed technology, functionality, and rules to level the playing field for investors and brokers.

Learn more ›

List better.

Where you list matters. Choose the exchange that protects your stock, your shareholders, and your reputation.

Learn more ›