Caisse de dépôt et placement du Québec (CDPQ), a leading institutional investor, has announced a strategic investment in stock exchange operator IEX Group. CDPQ joins other leading investors in IEX that are committed to the company’s vision and strategy.
Brad Katsuyama, co-founder and CEO of IEX Group, comments:
“CDPQ is a growth investor with an exceptional track record and deep expertise in technology and capital markets. Bringing them on as an investor helps to fuel the next phase of growth and innovation, making them an excellent long-term partner. Both the IEX Exchange and our non-exchange businesses have some significant growth catalysts on the horizon and partnering with a major global institutional investor helps to fulfill our strategic goals.”
IEX Group is a financial technology company that operates the Investors’ Exchange LLC, a U.S. securities exchange committed to serving all market participants; on average more than $12B worth of shares trade on IEX Exchange every day. More recently, the company introduced its IEX Cloud business, which provides a new model for delivering high-quality financial data to business professionals and application developers at an affordable price.
Alexandre Synnett, Executive Vice President and Chief Technology Officer at CDPQ, comments:
“IEX has a proven experience in developing technologies and services in line with the evolution of financial markets and contributes to provide diversified options to market investors. Furthermore, this transaction strengthens CDPQ’s presence in key strategic sectors such as fintech, financial intelligence and big data. We look forward to supporting the IEX Group management team in executing new growth initiatives.”