Friday , January 15 2021

La Caisse invests in the world’s eighth largest stock exchange operator

The Caisse de dépôt et placement du Québec (CPDQ) has invested in the IEX Group, the eighth largest stock exchange operator in the world for the value of the shares traded daily.

This equity investment in the New York financial firm is in the range of around $ 75 million, according to QM Agency sources.

“IEX has a proven track record in developing technologies and services aligned with changing financial markets and helping to diversify opportunities for investors. In addition, this transaction strengthens the presence of the CDPQ in key sectors such as financial technologies, financial intelligence and big data ”declared Alexandre Synnett, Senior Vice-President and Chief Technology Officer, in a press release on Thursday.

IEX operates the US Stock Exchange Investors’ Exchange LLC (“IEX Exchange”) where more than US $ 12 billion in shares are traded daily.

She was delighted with the Caisse’s investment, which will also have a representative on the company’s board of directors.

“His support as an investor will allow us to enter a new phase of growth and innovation, which makes him an excellent long-term partner for IEX,” said Brad Katsuyama, co-founder and CEO of the IEX Group. Significant sources of growth are on the horizon for the IEX Exchange and our OTC activities and this partnership will help achieve our strategic objectives. ”

Recently, the New York-based company launched IEX Cloud, which provides “high-quality, affordable” financial data to business professionals and application developers.

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