IEX Analysis: $100M Raised
What is IEX?
High-performance stock exchange with transparent pricing and D-Limit technology
Employees
51-200
Founded
2012
Industry
RegTech
Latest Funding Round Size
$100M
Product Features & Capabilities
- IEX Exchange
- IEX Options (coming soon)
- IEX Speed Bump
- IEX Signal
Use Cases
Trade equities with D-Limit technology for superior pre-trade price improvement; Access top three quote presence across 16 U.S. exchanges; Achieve 2.5x growth in displayed market share by August 2024; Process $5.8 trillion in notional value since inception; Experience $24.8 billion in daily notional volume in 2025 Q1
How much IEX raised
Funding Round - $100M
RecentOther Considerations
Named a Global Markets Choice Award winner in 2025 for Most Innovative Exchange; Achieved 2.5x growth in displayed market share by August 2024; Processes $5.8 trillion in notional value since inception; Averages $24.8 billion in daily notional volume in 2025 Q1; Top 3 in quote presence among 16 U.S. exchanges
Competitors
The main competitors of IEX Group in the fintech space include:
1. Nasdaq
2. Cboe Global Markets
3. New York Stock Exchange (NYSE)
4. TD Ameritrade
5. E*TRADE Financial Corporation
6. HYCM
7. CloudMargin
8. Capitolis
9. Axoni
10. Trumid
1. Nasdaq
2. Cboe Global Markets
3. New York Stock Exchange (NYSE)
4. TD Ameritrade
5. E*TRADE Financial Corporation
6. HYCM
7. CloudMargin
8. Capitolis
9. Axoni
10. Trumid
Recent News
Recent news related to IEX Group includes the following highlights:
- IEX Enters Options Market - IEX Group announced its entry into the U.S. options market, aiming to partner with liquidity providers to address risk management challenges.
- Growth in Displayed Market Share - IEX has reportedly tripled its displayed market share since June 2024, attributed to the introduction of new pricing tiers while maintaining its commitment to market integrity. Read more here.
- Leadership Appointment - Recently, IEX appointed Steven Bonanno as Chief Information Officer, indicating a focus on strengthening its leadership team to support future growth. Read more here.
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