IEX companions with DataBP to optimise marketplace intelligence

US-based Traders Trade (IEX) has optimised the control of its industrial marketplace knowledge operations via adopting DataBP’s marketplace management platform.  

DataBP’s era automates and simplifies compliance, licensing, and reporting processes.  

IEX mentioned this adoption allows it to cut back friction in marketplace knowledge licensing and foster extra seamless interactions with its companions and subscribers.  

Through leveraging DataBP’s platform, IEX can additional make stronger the potency and transparency of its marketplace knowledge workflows, permitting IEX to commit extra assets to creating leading edge answers for its group.  

Because of this, marketplace contributors get pleasure from a “streamlined” enjoy when gaining access to IEX’s knowledge products and services.  

President of IEX Team, Bryan Harkins, highlighted the partnership’s worth: “our collaboration with DataBP permits us to streamline key operational processes, so we will center of attention on handing over leading edge answers and worth to the buying and selling group.” 

Potency and transparency don’t seem to be new ideas to IEX, as demonstrated when prices in January 2019. Through sharing this knowledge, IEX steered that some exchanges could also be considerably marking up their carrier costs, as up to now reported via The TRADE.  

IEX’s partnership with DataBP builds on their dedication to price transparency. Through adopting DataBP’s complex platform, IEX can automate marketplace knowledge products and services. 

IEX and DataBP’s settlement is comparable to DataBP’s partnerships with MarketAxess and in 2022 and 2024, respectively.