IEX Cloud Breaks Down Barriers to Financial Data

New platform pioneers flexible, accessible model for connecting
developers with curated financial data and services

NEW YORK–(BUSINESS WIRE)–IEX Group, Inc. today unveiled IEX Cloud, a flexible financial data
platform connecting a wide array of developers with curated financial
data. The platform offers a high-performance API and custom-built
services to help users build, launch, and scale their models, products,
and businesses.

“At IEX Group, we believe that enhancing the public’s understanding of
and access to financial data makes the markets better and stronger,”
said IEX Group Co-Founder and CEO Brad Katsuyama. “It all started with
IEX Group’s philosophy on market data. With IEX Cloud, we’re expanding
to serve everyone from students and researchers to web developers and
business leaders and empowering them to learn and innovate through
affordable access to financial data, including IEX’s exchange market
data, which will be redistributed free of charge.”

IEX Cloud, which is an independent business separate from IEX Group’s
flagship stock exchange, is a high-performance, financial data platform
that connects developers and financial data creators. Developers use IEX
Cloud to access curated financial data, including fundamentals, news,
U.S. and international equities, mutual funds, options, and alternative
data. The platform also provides developer tools and services starting
with event-driven, automated alerts designed to help users launch
quickly and scale easily.

IEX Cloud also supports data creators and helps them reach a global
developer audience. The platform makes it simple to get started and
begin delivering data, and there are no costs to integrate.

Since launching first as an invite-only beta earlier this year, IEX
Cloud has experienced strong organic uptake with developers. Already,
the platform is approaching nearly 10,000 users, including both
organizations and individuals, in over 100 countries.

“IEX Cloud is a game-changer for CommonStock and a cornerstone of our
investment group-chat platform” said David McDonough, CommonStock’s CEO
and one of IEX Cloud’s beta customers. “Before IEX Cloud, we spent ten
times the money and ten times the effort wrangling a haphazard mess of
APIs. IEX Cloud lets us focus on building features that delight our
users, making CommonStock the most powerful place to find, share and
discuss the world’s investment knowledge.”

The platform offers four flexible plans aligned with the needs of
different-sized developer audiences, including students and individuals
as well as developers supporting enterprise products. This includes a
free “Start” plan as well as enhanced options starting at $9 per month.

“In my previous role as a developer, my team experienced firsthand the
barriers to accessing and using financial data, from the expense to
complex legal agreements and restrictive terms. That experience is what
prompted us to build a better solution,” said Head of IEX Cloud Joshua
Blackburn. “The demand we’ve seen for IEX Cloud so far demonstrates the
need for a platform that allows developers to access the data and tools
they need, all in one place, and through a flexible business model.”

For more information and to try out IEX Cloud, please visit iexcloud.io.
Users of existing APIs offered by IEX Group and its subsidiaries can
find important information regarding transitioning to IEX Cloud here.
Data creators interested in integrating with IEX Cloud should reach out
to [email protected].

About IEX Group, Inc.

Founded in 2012 and headquartered in New York City, IEX Group is a
technology company on a mission to build fairer markets in finance and
beyond by setting new standards for performance and transparency. IEX
Group is most well-known for its flagship stock exchange, operated by
the Investors Exchange LLC, which launched in 2016. For more, please
visit iextrading.com/about.

Contacts

Sara Forster
[email protected]
646
– 343 – 2131

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