3 Sep 2025
📊IEX Proposes $3,500 Monthly Fee for Real-Time DEEP+ Access
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend its Fee Schedule To Establish a Fee for Real-time Access to DEEP+
Summary
The Securities and Exchange Commission announces the proposal of a new $3,500 monthly fee for real-time access to the DEEP+ market data product from Investors Exchange LLC. This change follows the expiration of a previous free access period and aims to align pricing with competitive market offerings while maintaining transparency in fee structures.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change introduces a $3,500 monthly fee for real-time access to the DEEP+ market data product, which directly affects businesses reliant on market data pricing models. This impacts cost structures for data subscribers, requiring businesses to evaluate their market data strategies and subscription choices.