16 Jan 2025
📈IEX Fee Schedule Update on Sub-Dollar Orders Effective January 2025
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend IEX's Fee Schedule Concerning Transaction Pricing for Certain Sub-Dollar Orders
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by IEX alters transaction pricing for sub-dollar orders, impacting how businesses engaging in trading will pay fees. The change from a fixed cost per share to a percentage of the total dollar value of execution could affect trading costs and strategies, highlighting the need for compliance with updated transaction fee structures.