IEX Updates Trader Fees and Bonuses: Watch Your Wallet
Published Date: 2/11/2025
Notice
Summary
Investors Exchange (IEX) just updated its fee schedule to give traders a new bonus for adding visible orders and changed the fees for taking visible orders priced $1 or more. These changes start right away and could save or cost traders a bit depending on how they trade. If you trade on IEX, keep an eye on these new fees and rebates—they’re designed to shake up how you pay for trades!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 0 costs, 1 mixed.
New Rebate for Adding Displayed Orders
IEX introduced a new displayed liquidity adding rebate tier that took effect when the exchange filed the change on January 27, 2025. If you trade on IEX and add visible (displayed) orders, you may receive a new rebate under this tier.
Fee Change for Taking Displayed Orders $1+
IEX modified its base fee for orders that remove displayed liquidity for executions priced at or above $1.00 per share, effective upon the January 27, 2025 filing. If you take (remove) visible orders priced $1.00 or more on IEX, this change could either increase or decrease the fees you pay depending on how you trade.
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