Trading Fees Rise: IEX Ports Cost More Starting October 1
Published Date: 9/16/2025
Notice
Summary
IEX is raising fees for its logical order entry ports, which traders use to send and receive trade orders. This change affects anyone using IEX’s order entry system and kicks in on October 1, 2025. If you trade on IEX, expect a bit higher costs starting then!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
IEX raises order-entry port fees
If your firm uses IEX logical order entry ports, the monthly fee for ports beyond the free allowance rises from $250 to $450 per port, and the number of free ports per subscriber falls from five to three. These changes take effect October 1, 2025; under the proposal about 6% of current subscribers would pay $450/month for a fourth port and about 14% would pay $900/month for a fourth and fifth port.
Certain ports remain free (DR, test, drop copy)
IEX will continue to provide ports for its Disaster Recovery Data Center, IEX Testing Facility, drop copy ports, and market data ports free of charge, and Disaster Recovery/Test ports do not count toward the three free Order Entry Ports. This remains in effect as of October 1, 2025.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11144 — Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing of Proposed Rule Change To Enhance NSCC's Clearing Fund Methodology
The National Securities Clearing Corporation (NSCC) wants to improve how it handles risks from exchange-traded products (ETPs) by updating its Clearing Fund rules. This change affects NSCC members who trade these products and aims to keep the system safer and stronger. The new rules could impact how much money members need to put into the fund, with the proposal open for public comments starting June 2026.
2026-11208 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 203-2 & Form ADV-W
The SEC is asking to keep the rules that require investment advisers to tell them when they stop being registered by filing Form ADV-W. This affects all advisers registered or applying with the SEC and takes about 15 to 45 minutes to complete. No big changes or costs, just a smooth extension to keep things running on time.
2026-11209 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c3-1
The SEC is asking to keep the rules that make sure brokers have enough money to pay their customers. This affects all brokers and dealers, who spend lots of time and money following these rules. You can share your thoughts by July 6, 2026, before the rules get extended without changes.
Previous / Next Documents
Previous: 2025-17811 — Joint Industry Plan; Notice of Designation of a Longer Period for Commission Action on a Proposed Amendment, as Modified by Amendment No. 1, to the National Market System Plan Governing the Consolidated Audit Trail Regarding the Customer and Account Information System
The SEC is taking more time to review a plan change that would reduce the amount of customer info collected in the big stock market tracking system called the Consolidated Audit Trail. This affects many stock exchanges and financial groups who want to protect customer privacy while keeping the system strong. No new costs or deadlines yet, just a longer review to get it right.
Next: 2025-17813 — Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Complex Price Improvement Mechanism
Nasdaq ISE is updating its Complex Price Improvement Mechanism and other trading rules to make options trading smoother and fairer for everyone involved. These changes affect traders using complex orders and aim to improve how prices are set and how errors are handled, with immediate effect starting September 4, 2025. This means faster, clearer trades and potentially better prices for investors.