Our story began with building a fairer stock exchange – here’s what came next.
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IEX’s co-founders Brad Katsuyama, Ronan Ryan, Rob Park and John Schwall meet at Royal Bank of Canada (RBC), where they shared a vision for a more transparent system that better protected investors.
IEX is founded, and begins work on its Alternative Trading System (ATS) which debuts one year later.
IEX’s origin story is chronicled in Michael Lewis’s New York Times Best Seller “Flash Boys.”
IEX creates the Signal, a mathematical formula that powers numerous IEX order types. The Signal is designed to identify moments when a stock’s price is unstable and protect clients from adverse selection.
Building off the Signal, IEX debuts D-Peg, a signature patented order type designed to protect dark orders from unstable prices.
The SEC approves IEX’s application as an exchange. IEX Exchange is born with support from some of the world’s largest financial institutions, including Capital Group, Franklin Templeton Investments, OppenheimerFunds, MassMutual Ventures, Brandes Investment Partners, Betterment, and Norges Bank.
IEX launches its D-Limit (Discretionary-Limit) order type. Designed to improve displayed trading for market participants, D-Limit leverages the Signal and is the only exchange order type of its kind designed to protect orders from adverse selection.
IEX creates swXtch.io, game-changing cloud software that enables previously blocked workloads to move to the cloud – with no code changes.
A significant iteration on the Signal – known as “Signal V6” – introduces a new rules-based model to the formula, bringing a new level of performance for orders on IEX Exchange.
IEX announces that is will launch a U.S. options exchange to partner with liquidity providers to uniquely tackle risk management challenges experienced in the options markets, pending regulatory approvals.
We're building game-changing technology that shapes the future.
/ Head of Business Development, IEX Exchange
/ COO, IEX Exchange
/ Chief Strategy Officer, IEX Group
/ CEO, swXtch.io
What's it like to work at IEX? Our culture is best described by our Team Standards.
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