2iQ Research

What 2iQ Research does

2iQ Research GmbH is a Frankfurt-based, cloud-native data and analytics provider founded in 2002 by brothers Patrick and Robert Hable at the Frankfurt University business incubator. The company specializes in insider transaction data, operating what it describes as the most comprehensive dataset in the industry: 8.1 million transactions from more than 200,000 uniquely identified insiders across over 60,000 stocks in 46+ countries, with 12+ years of average historical depth. Its proprietary technology combines machine learning and custom smart-scraping bots with a 100k+ rules-based processing system refined over 15+ years, supplemented by manual review from CFA-qualified analysts. 2iQ also offers a quantitative Insider Sentiment Model that produces predictive scores used as inputs in portfolio construction.

The company's commercial offering is anchored in subscription-based data feed services, delivered via API, real-time, or end-of-day formats, with custom feeds, advisory, and a separate free sub-brand called Capitol Trades (launched 2021) for US politician trading data. Primary customer segments are quantitative investors (hedge funds, quant portfolio managers) and fundamental asset managers, with secondary exposure to media/journalism through Capitol Trades. Distribution is layered across direct enterprise sales, channel partners (WRDS, Bloomberg, FactSet, AWS Data Exchange, Liquidnet, Verus), and strategic product integrations (RavenPack Earnings Intelligence, FIS Astec Analytics for short interest). Pricing is quote-based on annual contracts, with a free trial available for qualified institutional investors.

2iQ operates from offices in Frankfurt (HQ), Lisbon, Lahore, and Sofia, with the latter two functioning as data processing and analyst operations centers. The company is privately held by the two co-founder Managing Partners, with no external institutional investment identified, and is led by an executive team that includes the founders, a CTO/Partner, a CFO/CIO, and an Operations Partner. The competitive position rests on the breadth and depth of its insider dataset, the proprietary rules-based quality pipeline, and its embedded distribution through tier-1 financial data platforms.

Name

2iQ Research

Legal name

2iQ Research GmbH

Website

https://2iqresearch.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

2iQ Research is a Frankfurt-based data and analytics provider founded in 2002 that delivers global insider transaction data and a quantitative insider sentiment model to hedge funds, quantitative portfolio managers, and asset managers across 60,000+ stocks in 46+ countries.

Ownership category

akta.pro rank

Product category

Alternative Financial Data & Analytics

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Research (FSACAGAA)

Keywords

• Insider transaction data
• Alternative financial data
• Investment data analytics
• Quantitative data feeds
• Regulatory filings analytics

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Data Feed Services: Subscription-based access to insider transaction data feed with customizable formats, delivered via API, real-time, or end-of-day. Includes full historical extracts for backtesting and event tagging.
2. API Access: Programmatic access to insider transaction data and analytics for integration with client applications.
3. Customized Data Feeds: Tailored data feed infrastructure for specific client needs, including customized emails, alerts for watchlists, and universe-specific research.
4. Advisory Services: Consulting and advisory services leveraging insider transaction data expertise.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

2iQ Research is a cloud-based data and analytics provider specializing in global insider transaction data for the investment management industry. Its core product is the 2iQ Insider Transactions Database containing 8.1 million transactions from 200,000+ insiders across 60,000+ stocks in 46+ countries, delivered via customizable data feeds, API, and end-of-day/real-time delivery. The company also offers the 2iQ Insider Transaction Model (predictive sentiment scores), tailored research services for fundamental investors, the Capitol Trades platform for US politician trading, and related datasets including short interest, share buybacks, SEC Form 144, and 10b5-1 plans.

Product overview

2iQ Research is a cloud-based data and analytics provider specializing in insider transaction data and analytics for the investment management industry. The core offering is the 2iQ Insider Transactions Database containing 8.1M transactions from 200,000+ insiders across 60,000+ stocks in 50 countries. The product portfolio includes: (1) 2iQ Insider Transactions Data as the primary data product available via API/feed; (2) 2iQ Insider Transaction Model providing predictive scores for portfolio construction; (3) Solutions for Quantitative Investors with data feeds and model output; (4) Solutions for Fundamental Investors with customized research; (5) Capitol Trades for US politician trading data; (6) Short Interest Data and European Short Interest via FIS Astec Analytics partnership; (7) SEC Form 144 Filings and Rule 10b5-1 Plans coverage; (8) Global Share Buyback Data Feed. Data is delivered through customizable feeds, APIs, and is also distributed via WRDS and AWS Data Exchange. Proprietary technology combines machine learning, smart scraping, and 100k+ rules-based systems for data capture and processing.

Differentiator

Problem solved

Functional benefit

Brands

• Capitol Trades: A platform providing real-time data on US politician stock trading activity, launched in 2021. Used by major media outlets including NYT, CNBC, Wall Street Journal for congressional trading analysis.

Products and services

• 2iQ Insider Transactions Data Cloud-based insider transaction dataset with 8.1 million transactions from 200,000+ insiders across 60,000+ stocks in 50+ countries, delivered via API, real-time, or end-of-day feed. Includes full historical extract for backtesting, event tagging (M&A, private placements), harmonized insider roles, standardized hierarchical positions, and multi-symbology support (Bloomberg Open Symbology, Thomson Reuters PermID/RIC). Targets institutional investors and quantitative portfolio managers.
• 2iQ Insider Transaction Model Quantitative model that ranks companies based on insider sentiment to identify the transactions and insiders with the highest predictive strength, then delivers a trading signal in the form of a score used as an input to quantitative portfolio construction. Designed for institutional investors and quantitative portfolio managers.
• Capitol Trades Standalone free-to-use platform tracking US politician and lawmaker stock trading activity, providing transparency into congressional trading. Used by major media outlets including The New York Times, CNBC, and Wall Street Journal for investigative reporting on politician trading.
• Short Interest Data Feed Short interest data feed provided in partnership with FIS Astec Analytics, including a suite of analytics and models developed by 2iQ. Designed for institutional investors monitoring short-selling activity.
• Global Share Buyback Data Feed Data feed tracking corporate share repurchase programs globally, enabling institutional investors to monitor buyback activity as part of capital return analysis.

Quantifiable outcome

• Consistent excess returns across market cycles with low correlation to traditional factors
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• Wharton Research Data Services (WRDS)coreTechnology or Integration2iQ Research data is distributed through WRDS platform, providing academic and institutional access to insider transaction data for research and investment analysis.
• BloombergcoreTechnology or Integration2iQ data integrated into Bloomberg terminal and data services, enabling Bloomberg users to access insider transaction data within their existing workflow.
• FactSetcoreTechnology or IntegrationData distribution partnership providing 2iQ insider transaction data through FactSet's financial analytics platform for institutional clients.
• FIS Astec AnalyticscoreTechnology or IntegrationPartnership for short interest data provision. 2iQ provides analytics and models for short selling data in partnership with FIS Astec Analytics.
• RavenPackcoreStrategic or Co-development PartnerStrategic partnership where RavenPack incorporates 2iQ's insider transaction data into their Earnings Intelligence framework and credit investing strategies. Demonstrated 15% increase in Information Ratios for US portfolios and significant alpha generation in European markets.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• OpenInsider: OpenInsider provides free public access to SEC insider filings, serving retail and academic users; competes with 2iQ at the lower end and pushes pricing pressure on basic insider data access.
• AlphaSense: AlphaSense is an enterprise market intelligence platform combining internal documents with external research, including corporate filings; an emerging adjacent competitor in institutional research workflows.
• RavenPack: RavenPack combines news, earnings, and alternative datasets for quant investing; an active partner of 2iQ and adjacent competitor in alt-data analytics for institutional investors.

Others

• InsiderMonkey: InsiderMonkey publishes hedge fund and insider trading analysis primarily for retail/media audiences; a thematic competitor in monetizing insider transaction data via content.

Direct peers

• VerityData: VerityData (formed by combination of InsiderScore and Form 4 Oracle) is the most direct competitor to 2iQ in institutional-grade insider transaction data and analytics for the buy side.
• WhaleWisdom: WhaleWisdom aggregates SEC Form 3/4 insider filings into a searchable platform serving institutional investors and journalists; competes with 2iQ on US-centric insider transaction data and analytics.

Broad incumbents

• S&P Capital IQ: S&P Global Market Intelligence bundles insider transaction data alongside broader fundamental, ownership, and corporate actions datasets; competes with 2iQ as a one-stop terminal alternative.
• Bloomberg: Bloomberg Terminal offers insider transaction coverage and trading analytics; both a distribution partner of 2iQ and a competitive incumbent that can bundle insider data into its enterprise suite.
• FactSet: FactSet provides insider and ownership data for institutional investors globally; serves as both distribution partner and competitor via its FactSet Workstation and data APIs.
• LSEG (Refinitiv): LSEG (formerly Refinitiv) offers insider transaction data through the Eikon/Workspace platform and DataScope feeds; competes with 2iQ across global institutional markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/2iqresearch

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 2iQ Research