finsmart-news_admin 
IEX has selected DataBP to manage its commercial market data operations, adopting the company’s platform to automate licensing, compliance, and reporting processes. The move supports IEX’s strategy to reduce administrative complexity while improving efficiency in its market data services.
The DataBP platform replaces manual workflows with a structured system that enables exchanges to scale their data business while maintaining transparency and consistency in their relationships with subscribers and partners.
“DataBP allows us to streamline key operational processes”
Mark Schaedel, CEO of DataBP, commented, “We are thrilled to partner with IEX to support their market data operations. IEX is an innovator in the market, and by leveraging DataBP’s platform, they are reinforcing their commitment to efficiency, transparency, and customer-centric service.”
Bryan Harkins, President of IEX Group, said the platform will support the exchange’s efforts to focus resources on product development and market innovation. “Our collaboration with DataBP allows us to streamline key operational processes, so we can focus on delivering innovative solutions and value to the trading community. We are excited to work with a company that shares our commitment to efficiency, transparency, and service.”
As exchanges manage increasingly complex data relationships with vendors and consumers, automation has become a priority. DataBP’s platform is used by both global and regional trading venues to address this need and bring consistency to data licensing and compliance functions.
The partnership allows IEX to reduce friction in how market participants access and use its data, while ensuring regulatory requirements are met. DataBP supports this through a configurable system that standardizes how exchanges define, distribute, and monitor data usage across their ecosystem.
The IEX Group operates a U.S. equities exchange and is known for its emphasis on transparency, fairness, and technology-led solutions in financial markets. Its adoption of DataBP aligns with broader trends in the market infrastructure sector, where institutions are consolidating operations and investing in automation to manage growing regulatory and commercial complexity.
IEX to launch IEX Options in Q1 2026
IEX plans to launch IEX Options at the end of the first quarter of 2026, pending regulatory approval. Operating a portfolio of Exchange, Digital Assets, and Technology businesses, IEX Exchange has been aiming to draw in more business from retail investors, and in the process, the upstart trading platform convened regular meetings with many brokerages.
It was in September 2024 that IEX first announced it planned to launch IEX Options, designed to address key challenges around adverse selection. Since then, the firm realized several important milestones, including expanding its Options team, filing its proposed Rule Book with the U.S. Securities & Exchange Commission (SEC) and ongoing engagement with regulatory authorities and industry stakeholders.
IEX prevents high-frequency trading
IEX’s new options exchange is built on the company’s reputation for innovation in trading technology. Since launching in 2016, IEX’s U.S. equities exchange has been recognized for its transparent business model and proprietary order protection solutions, including its Signal and D-Limit order types. IEX captures 2.5-3% of the U.S. equities market and has traded over $3.5 trillion in notional value using D-Limit.
Last year, IEX appointed ex-Cboe John Palmer to lead the division and ex-NYSE Ivan Brown for product and business development.
IEX Exchange has been aiming to draw in more business from retail investors, and in the process, the upstart trading platform convened regular meetings with many brokerages. The exchange operator, which was the subject of Michael Lewis’ 2014 book “Flash Boys”, obtained SEC’s approval to register as the 13th national securities exchange earlier in June 2016.
Unlike other exchanges, the heart of IEX’s strategy is based on what the firm calls a ‘speed bump’ which slows down trading, requiring all trades to go past by 350 microseconds in a bid to prevent high-frequency traders from racing ahead of slower investors to take advantages of changes in bids and offers before they update.
