We're building fairer markets.

The IEX Story



Daily Matched Shares1

Daily Notional Value1

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.

1 30 day average

Our Values

Uphold the mission.

Embrace our mission to build fair markets.

Act with integrity.

Do the right thing, even when no one is looking.

Respect the team.

Critique ideas and methods, not people.

Challenge the status quo.

Uncover opportunities by questioning convention.

Take initiative.

Our work is never done. Maximize your impact.

Seek and share knowledge.

Keep learning. Be a mentor.

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

View brand and press resources ›