17 Jun 2025
📈IEX Proposes Changes to Fee Schedule for Liquidity Rebates
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Exchange's Fee Schedule To Modify the Required Criteria for a Displayed Liquidity Adding Rebate Tier for Executions Priced At or Above $1.00 Per Share
Summary
The Investors Exchange (IEX) has proposed a rule change to amend its fee schedule, introducing alternative criteria for qualifying for its Displayed Liquidity Adding Rebate Tier 6. This adjustment aims to enhance competitiveness and encourage order flow to the exchange, benefiting market participants without changing existing rebate amounts.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by IEX modifies the criteria for Displayed Liquidity Adding Rebate Tier 6, potentially influencing trading strategies for Members and affecting the competitive landscape among exchanges. The changes facilitate easier qualification for rebates without altering fee amounts, impacting liquidity and trading activities.