IEX Cloud announces a-la-carte pricing model
IEX Cloud, the financial data business of exchange operator IEX Group, today announced an a-la-carte pricing model that gives customers access to the data they need, including free real-time stock prices from IEX Exchange, with just one subscription that allows them to scale their plan up or down as their needs change.
The news comes as a dozen independent providers of financial data have joined IEX Cloud’s partner program giving them direct access to IEX Cloud’s growing user community, which recently surpassed 150,000 registered users in more than 120 countries.
Global spend on financial information and news topped $32 billion in 2019 but rigid licensing terms and one-size-fits-all delivery models leave many individuals and institutional users underserved. Today’s rapid application development cycle and the push for digital transformation in the enterprise market means that companies need more flexible data license terms and usage-based pricing that gives users access to the data they need when and where they want it.
Tim Baker, Head of IEX Cloud, notes:
“IEX Cloud has completely reimagined the model. We allow users to access the financial data they need though one API and with one subscription.”
IEX Cloud’s enterprise-grade service addresses key customer pain points by providing data for a fair price, with reasonable terms and conditions, and ease of use. By bringing together a network of data providers through its partner network, IEX Cloud delivers a comprehensive, flexible and technologically advanced offering that meets the needs of companies and a growing community of users that want an on-demand and cost-efficient option for financial information.
IEX Cloud’s delivery model and flexible pricing give developers and financial professionals access to a vibrant and growing data ecosystem that includes data from independent providers, such as New Constructs, Wall Street Horizon, 2iQ Research, and ExtractAlpha.