We're building fairer markets.

The IEX Story

2012

Founded

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While working at the Royal Bank of Canada (RBC), the global electronic trading team led by Brad Katsuyama, Ronan Ryan, John Schwall, and Rob Park discovered an uneven playing field in the stock market. Seeing that inequality, they took on the challenge to level the playing field for long-term investors such as mutual funds and pension funds.

Ultimately, the team decided that the best way to change the system was to build a new exchange from scratch, and departed RBC to build IEX. IEX debuted in 2013, and launched as a national stock exchange in 2016. To this day, IEX remains true to its original mission to build fairer markets, and is active in developing innovative technology to solve complex market structure problems.

The story behind the founding of IEX was chronicled in Michael Lewis’ 2014 book Flash Boys: A Wall Street Revolt.

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Notable Milestones

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March 2012

Founded in New York

 

 

 

 

October 2013

IEX launches as an off-exchange marketplace (ATS)

 

 

March 2014

Flash Boys by Michael Lewis published, featuring IEX’s founding story

 

 

 

March 2014

Flash Boys by Michael Lewis published, featuring IEX’s founding story

 

 

 

 

September 2014

IEX raises $75 million funding round to drive growth

 

 

November 2014

Launch of the IEX Signal, a proprietary model used to protect orders on IEX

 

 

 

November 2014

Launch of the IEX Signal, a proprietary model used to protect orders on IEX

 

 

 

 

August 2015

IEX files to become a national stock exchange

 

 

June 2016

IEX approved as a national stock exchange

 

 

 

June 2016

IEX approved as a national stock exchange

 

 

 

 

September 2016

IEX launches as a national stock exchange

 

 

February 2017

IEX launches stock market data API

 

 

 

February 2017

IEX launches stock market data API

 

 

 

 

October 2018

IEX lists its first public company

 

 

Our Values

Mission

Drive our mission to build fairer markets.

Integrity

Live up to our high ethical standards.

Humility

Set aside ego, and collaborate to succeed together.

Respect

Recognize the value of your colleagues' expertise. Be professional.

Grit

Be resilient, rigorous, and relentless as we execute.

Foresight

Anticipate future needs, obstacles, and opportunities.

Our Team

IEX has built a unique culture, blending a disruptor ethos with deep capital markets expertise. Technologists work side-by-side with former regulators and business managers from banks, brokers, and market making firms. What unifies every IEX employee is a commitment to the mission, and respect for our core values.

Join the team

We're on a mission to build fairer markets.

We believe markets play an essential role in our society and that we have a responsibility to help build trust in them. Our solution is to develop innovative, simple and transparent structures allowing people to trade and compete with confidence.

"Markets are the natural vehicle for the exchange of products, services and even ideas. At IEX, we believe that everyone should have the opportunity to compete on a level playing field with transparent rules and processes – and that’s why we’re working each day to build fairer markets."

- Brad Katsuyama, CEO

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