# Federal Register #SR-IEX-2026-37

IEX proposes separate non-display fees for DEEP and DEEP+ market data feeds

**Buyer:** Securities and Exchange Commission
**Posted:** October 08, 2026
**Identifier:** SR-IEX-2026-37

The SEC notice describes a proposed Investors Exchange LLC (IEX) fee-schedule change, not a government procurement opportunity or award.
- **Buyer and context:** The Securities and Exchange Commission (SEC) published a notice about a proposal from Investors Exchange LLC (IEX) to change its Equities Fee Schedule.
- **Proposed fees:** IEX proposes separate monthly non-display use fees of $2,500 for DEEP and $3,500 for DEEP+. The existing monthly real-time access fees are also $2,500 for DEEP and $3,500 for DEEP+.
- **Data feeds:** DEEP provides aggregated depth-of-book quotations and execution information; DEEP+ provides order-by-order depth-of-book quotations and execution information.
- **Named comparison venues:** The notice compares the proposal with market data feeds and fees from Cboe EDGX and BZX.
- **Procurement status:** No products or services are being solicited for purchase, and no contract value, performance period, product line items, or service line items are provided.

### Description

Investors Exchange LLC filed a proposed rule change to amend the IEX Equities Fee Schedule by adopting separate fees for non-display use of its DEEP and DEEP+ proprietary equities market data feeds. The feeds provide depth-of-book quotations and execution information; DEEP provides aggregated quotations, while DEEP+ provides order-by-order quotations. The proposal retains the existing monthly real-time access fees of $2,500 for DEEP and $3,500 for DEEP+, and adds separate monthly non-display fees at the same rates. The changes are effective upon filing and operative beginning October 1, 2026.

[View original listing](https://www.federalregister.gov/documents/2026/10/08/2026-20599/self-regulatory-organizations-investors-exchange-llc-notice-of-filing-and-immediate-effectiveness-of)