Stock Exchange Tweaks Fees For Trading Penny Stocks
Published Date: 1/8/2025
Notice
Summary
Investors Exchange LLC is changing how it charges fees for stocks priced under $1. Starting January 1, 2025, traders who add visible orders get a 0.15% rebate, while those who take away visible orders pay a higher 0.15% fee. This update affects anyone trading these low-priced stocks and aims to encourage more displayed liquidity on the exchange.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
0.15% Rebate for Adding Displayed Liquidity
If you trade securities priced below $1.00 on Investors Exchange (IEX) and your order provides visible/displayed liquidity, you will receive a rebate equal to 0.15% of the total dollar value of the execution. This rebate is effective January 1, 2025.
Fee Rise to 0.15% for Removing Displayed Liquidity
If you trade securities priced below $1.00 on Investors Exchange (IEX) and your order removes visible/displayed liquidity, the fee increases from 0.09% to 0.15% of the total dollar value of the execution. This higher fee is operative January 1, 2025.
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