IEX’s First Fees Buck Data Charge Trend

IEX keeps its data fee-free, but announces charges for costly and inefficient "logical ports."

Trendline-IMD-Fees

Startup exchange IEX plans to introduce limited connectivity fees starting in October, and—unlike other exchanges, for whom market data sales represent a growing revenue stream—has decided against introducing fees for its market data, focusing instead on costly and under-used mechanisms by which broker-dealers send orders to the exchange.

In a statement published Friday, August 9, accompanying a Securities and Exchange Commission filing seeking approval for its plans, IEX CEO Brad Katsuyama

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: