Stock Exchange Tweaks Fees for Penny Stock Trading Drama
Published Date: 1/16/2025
Notice
Summary
IEX is changing how it charges fees for certain small stock trades priced under $1. Instead of a tiny per-share fee, they'll now charge a small percentage of the total trade value plus the cost from the other exchange. This new fee kicks in starting January 1, 2025, and affects members who route these sub-dollar orders to other exchanges.
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