# 2026-18930: IEX Lets Data Middlemen Cash in on New Subscriber Rebates

2026-18930, Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX Rule 15.110(a) and (c) To Provide That Extranet Providers, in Addition to Data Subscribers, Are also Eligible To Earn the External Distribution Rebate by Enlisting New Data Subscribers of Real-Time IEX Market Data Products, is a Federal Register notice from Securities and Exchange Commission published 2026-09-16, effective 2026-09-01; PRIA reads it as touching household money (as of 2026-09-23).

- Canonical: https://policyrisk.com/federal-register/2026-18930
- As of: 2026-09-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-18930
- Title: Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Pursuant to IEX Rule 15.110(a) and (c) To Provide That Extranet Providers, in Addition to Data Subscribers, Are also Eligible To Earn the External Distribution Rebate by Enlisting New Data Subscribers of Real-Time IEX Market Data Products
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 58736
- Published: 2026-09-16
- Effective: 2026-09-01
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-09-23

## In one line

IEX Lets Data Middlemen Cash in on New Subscriber Rebates

## Summary

Starting September 1, 2026, IEX is giving Extranet Providers a new chance to earn money by signing up new users for their real-time market data, just like Data Subscribers already do. This change means more folks who help spread IEX data can get rewarded, making it easier and more fun to grow the IEX community. If you’re involved in sharing IEX data, this update could boost your earnings!

## Effects PRIA read

- Extranet Providers Eligible for 75% Rebate: benefit, medium. If you are an Extranet Provider that transmits Real-Time IEX market data to Data Subscribers, you can earn an External Distribution Rebate equal to 75% of the subscription fees paid to IEX by any new Data Subscriber you enlist. The rebate begins the first full month of the new Data Subscriber's sub…
- Program Eligibility, Opt-In, and Time Limits: mixed, low. To qualify, an Extranet Provider must opt into the program via an updated Extranet Addendum, report monthly any new Data Subscribers, and ensure each new Data Subscriber executes the IEX Data Subscriber Agreement. Only downstream customers who were not entitled to receive Real-Time IEX market data…

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## Sources
- [2026-18930 on federalregister.gov](https://www.federalregister.gov/documents/2026/09/16/2026-18930/self-regulatory-organizations-investors-exchange-llc-notice-of-filing-and-immediate-effectiveness-of)
- [2026-18930 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-09-16/pdf/2026-18930.pdf)

## Related
- [Previous: 2026-18929, Self-Regulatory Organizations; Texas Stock Exchange LLC; Notice of Filing and I…](https://policyrisk.com/federal-register/2026-18929)
- [Next: 2026-18931, Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate…](https://policyrisk.com/federal-register/2026-18931)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-18930 (as of 2026-09-23).