Rest. Easy.
IEX is designed to provide execution quality by protecting resting orders.
IEX plans to support its first IEX-listed company in early 2018.
Order types
We keep it simple. IEX offers five order types, some of which have innovative predictive capabilities that are designed to protect resting orders from trading during unstable, potentially adverse conditions.
The IEX Signal
The IEX Signal is designed to identify when the quote is unstable and helps IEX protect resting orders.
Trading hours
Orders may be executed on IEX or routed away from IEX during the Pre-Market, Regular Market, and Post-Market Sessions, collectively known as "System Hours". All times are in Eastern Time (“ET”).
| Session | Start and end times |
|---|---|
| Begin Order Entry Acceptance | 8:00 a.m. |
| Pre-Market Session | 8:00 a.m. - 9:30 a.m. |
| Regular Market Session | 9:30 a.m. - 4:00 p.m. |
| Post-Market Session | 4:00 p.m. - 5:00 p.m. |
Holidays
| Holiday | 2018 | 2019 | 2020 |
|---|---|---|---|
| New Years Day | Mon Jan 1 | Tue Jan 1 | Wed Jan 1 |
| Martin Luther King Jr. Day | Mon Jan 15 | Mon Jan 21 | Mon Jan 20 |
| President's Day | Mon Feb 19 | Mon Feb 18 | Mon Feb 17 |
| Good Friday | Fri Mar 30 | Fri Apr 19 | Fri Apr 10 |
| Memorial Day | Mon May 28 | Mon May 27 | Mon May 25 |
| Day before Independence Day* | Tue Jul 3* | Wed Jul 3* | Fri Jul 3 |
| Independence Day | Wed Jul 4 | Thu Jul 4 | - |
| Labor Day | Mon Sep 3 | Mon Sep 2 | Mon Sep 7 |
| Thanksgiving Day | Thu Nov 22 | Thu Nov 28 | Thu Nov 26 |
| Day after Thanksgiving Day* | Fri Nov 23* | Fri Nov 29* | Fri Nov 27* |
| Day before Christmas* | Mon Dec 24* | Tue Dec 24* | Thu Dec 24* |
| Christmas | Tue Dec 25 | Wed Dec 25 | Fri Dec 25 |
*Market closes at 1:00 p.m. ET.
Securities eligible for trading
Pursuant to IEX Rule 11.120, Investors Exchange shall designate securities for trading. Any class of securities listed or admitted to unlisted trading privileges on the Exchange shall be eligible to become designated for trading on the Exchange in accordance with the Rules of Chapters 14 and 16.
All securities designated for trading are eligible for odd-lot, round-lot and mixed-lot executions, unless otherwise indicated by the Exchange or limited pursuant to IEX Rules.
Technology partners
Our Technology Partners include Order Management Systems (OMS), Execution Management Systems (EMS), Datacenter Operators, Network Connectivity Providers, Algorithm and Smart Order Routing Providers, and other software systems providers who connect IEX with our certified Members and other venues.
Within IEX, we have decades of experience collaborating with top-of-class systems providers. Together, we look forward to maintaining a high standard of technological and operational excellence.
Connected service bureaus
| Bloomberg SSEOMS |
| Fidessa |
| FIS |
| FlexTrade Systems |
| InfoReach, Inc. |
| ION Group |
| Lightspeed Trader |
| LiquidityBook, LLC |
| OMEX Systems |
| Pico |
| Pragma |
| qSpark |
| Raptor Trading Systems |
| ROX Systems |
| SS&C Technologies |
| Sterling Trading Tech |
| Takion Technologies, LLC |
Market data partners
| Market Data Access | Feed Handler | |
|---|---|---|
| ACTIV Financial | ✔ | ✔ |
| Connectivity In a Box (CIB) | ✔ | |
| Exegy | ✔ | ✔ |
| Instinet, LLC | ✔ | ✔ |
| NYSE Technologies Connectivity Inc | ✔ | |
| Redline Trading Solutions | ✔ | ✔ |
| R2G Services | ✔ | |
| Rithmic | ✔ | |
| Victory Networks | ✔ | ✔ |
| Vela Trading Systems | ✔ | ✔ |
Other network, infrastructure, and software technology partners
- Arista Networks
- BT Americas
- CFN Services
- Connectivity In a Box (CIB)
- Coverity, Inc.
- Equinix
- GuavaTech, Inc.
- InfoReach, Inc.
- IPC Systems, Inc.
- Kx
- LaSalle Technology Group LLC
- Myriad Supply
- NYSE Technologies Connectivity, Inc. (SFTI Network)
- Options IT
- Palo Alto Networks
- R2G Services
- Redline Trading Solutions
- Savvis, a CenturyLink Company
- Sky Technology Partners
- Sungard Capital Markets
- uTrade Solutions
- Victory Networks
Members
The following broker-dealers are approved members of Investors Exchange.
| Abel Noser LLC |
| ABN Amro Clearing Chicago LLC |
| Albert Fried & Company, LLC |
| Allen & Company, LLC |
| Alpha Trading L.P. |
| Apex Clearing Corporation |
| Archipelago Securities, LLC |
| ATM Execution LLC |
| Auerbach Grayson and Company LLC |
| Avondale Partners LLC |
| B. Riley & Co., LLC |
| Banyan Securities, LLC |
| Barclays Capital Inc. |
| Bay Crest Partners LLC |
| BB&T Securities LLC |
| Bloomberg Tradebook |
| Bluefin Trading LLC |
| BMO Capital Markets Corp |
| BTIG LLC |
| Burke & Quick Partners LLC |
| C&C Trading, LLC |
| Cabrera Capital Markets, Inc. |
| Canaccord Genuity Inc. |
| Cantor Fitzgerald & Co |
| Capital Institutional Services, Inc. |
| CBOE Trading Inc. |
| CF Global Trading, LLC |
| Chimera Securities LLC |
| CIMB Securities (USA), Inc. |
| Citadel Securities LLC |
| Citigroup Global Markets Inc. |
| Clearpool Execution Services, LLC |
| CLSA Americas, LLC |
| Coda Markets, Inc. |
| Cornerstone Macro LLC |
| Cowen and Company, LLC |
| Cowen Execution Services |
| Craig-Hallum Capital Group LLC |
| Credit Suisse Securities USA |
| Cutler Group, LP |
| D.A. Davidson & Co. |
| Dash Financial LLC |
| Davenport & Company, LLC |
| DeMatteo Monness LLC |
| Deutsche Bank Securities Inc. |
| Dowling & Partners Securities, LLC |
| DRW Securities, LLC |
| E*TRADE Securities LLC |
| Electronic Transaction Clearing, Inc. |
| Evercore Group LLC |
| First Analysis Securities Corporation |
| FIS Brokerage & Securities Services LLC |
| Flow Traders U.S. LLC |
| G1 Execution Services |
| Global Execution Brokers |
| Goldman, Sachs and Company |
| Gordon, Haskett Capital Corp. |
| Great Pacific Securities |
| Great Point Capital, LLC |
| Green Street Trading LLC |
| GTS Securities, LLC |
| Guggenheim Securities |
| Guzman & Company |
| Hardcastle Trading USA LLC |
| Hilltop Securities Inc. |
| HRT Financial LLC |
| HSBC Securities (USA) Inc. |
| IEX Services LLC |
| IMC Chicago LLC |
| Imperial Capital LLC |
| Industrial and Commercial Bank of China Financial Services |
| Instinet, LLC |
| Interactive Brokers LLC |
| INTL FCStone Financial Inc. |
| ITG Inc. |
| J. P. Morgan Securities LLC |
| Jane Street Capital, LLC |
| Janney Montgomery Scott, LLC |
| Jefferies LLC |
| Jefferies Execution Services, Inc. |
| JMP Securities LLC |
| Johnson Rice & Company, LLC |
| Jump Trading LLC |
| Keefe, Bruyette & Woods, Inc. |
| KeyBanc Capital Markets Inc. |
| Latour Trading LLC |
| Leerink Partners |
| Lek Securities Corp |
| Lightspeed Trading LLC |
| Lime Brokerage, LLC |
| Liquidnet Inc. |
| Macquarie Capital (USA) Inc. |
| Maxim Group, LLC |
| Meridian Equity Partners |
| Merrill Lynch Professional Clearing Corp. |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| Mizuho Securities USA Inc. |
| MKM Partners LLC |
| Morgan Stanley & Co., LLC |
| NASDAQ Execution Services, LLC |
| National Financial Services LLC |
| Needham & Company, LLC |
| Northern Trust Securities, Inc. |
| Northland Securities Inc. |
| Old Mission Capital LLC |
| Olivetree Financial, LLC |
| O'Neil Securities |
| Penserra Securities LLC |
| Pershing LLC |
| Pictet Overseas Inc. |
| Piper Jaffray & Co. |
| Quantlab Securities LP |
| RBC Capital Markets LLC |
| Redburn (USA) LLC |
| Robert W. Baird & Co., Inc. |
| Robotti & Company LLC |
| Rosenblatt Securities Inc. |
| Russell Investments Implementation Services, LLC |
| Sanford C. Bernstein & Co., LLC |
| Scarsdale Equities LLC |
| Scotia Capital (USA) Inc. |
| Seaport Global Securities LLC |
| SG Americas Securities, LLC |
| Sidoti & Company, LLC |
| SMBC Nikko Securities America, Inc. |
| SpeedRoute LLC |
| Stephens Inc. |
| Stifel Nicolaus & Co., Inc. |
| Stuart Frankel & Co. Inc. |
| Summit Securities Group, LLC |
| Sun Trading LLC |
| Susquehanna Financial Group, LLLP |
| Susquehanna Securities |
| Telsey Advisory Group, LLC |
| TFS Derivatives LLC |
| The Buckingham Research Group Inc. |
| Themis Trading LLC |
| TJM Investments LLC |
| Trade Informatics LLC |
| Trade Manage Capital, Inc. |
| TradeStation Securities, Inc. |
| Tradition Securities and Derivatives Inc. |
| TRC Markets LLC |
| Triad Securities Corp. |
| Two Sigma Securities, LLC |
| UBS Securities LLC |
| USCA Securities, LLC |
| Virtu Americas LLC |
| Virtu Financial BD LLC |
| Virtu Financial Capital Markets LLC |
| Wall Street Access |
| Wedbush Securities |
| Weeden & Co. L.P |
| Wells Fargo Prime Services LLC |
| Wells Fargo Securities, LLC |
| Wolverine Execution Services, LLC |
| XR Securities LLC |