Federal Register #SR-IEX-2026-13

SEC Notice: Proposed Rule Change to Investors Exchange LLC Fee Schedule for Equities Transaction Pricing

This opportunity concerns a proposed rule change by Investors Exchange LLC (IEX) to its fee schedule for equities transaction pricing, as published by the Securities and Exchange Commission (SEC). - Government Buyer: - Securities and Exchange Commission (SEC) - Investors Exchange LLC (IEX) as the regulated entity - OEMs and Vendors: - Investors Exchange LLC (IEX) - Products/Services Requested: - No physical products or services are being procured - The notice pertains to modifications in fee structures for exchange members - Notable Requirements: - Changes affect five of eight rebate tiers for displayed liquidity adding rebates - Increased minimum non-displayed average daily volume (ADV) required for certain rebates - Standardized threshold for incremental fee tier qualification - Rule change is effective upon filing and aims to encourage more trading while maintaining fairness - No purchase quantities or part numbers are specified, as this is a fee schedule adjustment for exchange members.

Description

The Securities and Exchange Commission has filed a proposed rule change by Investors Exchange LLC to amend the exchange's fee schedule applicable to members concerning equities transaction pricing. The proposal modifies criteria to qualify for displayed liquidity adding rebates and adjusts threshold volumes for incremental fee tiers. The changes aim to encourage more trading on the exchange while maintaining a fair and equitable fee structure. The rule change is effective upon filing and will be implemented on June 1, 2026.

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