IEX Plans to Charge for Real-Time Market Data

IEX Exchange has made a regulatory filing to charge for market data for the first time in its history according to a story in MarketsMedia news. The exchange has filed with the US Securities and Exchange Commission to introduce market data fees from January 3, the first trading day of 2022. The filing said: “In general, IEX believes that exchanges, in setting fees of all types, should meet very high standards of transparency to demonstrate why each new fee or fee increase meets the Exchange Act requirements that fees be reasonable, equitably allocated, not unfairly discriminatory, and not create an undue burden on competition among members and markets.” Ronan Ryan, president of IEX Exchange and co-founder of parent company IEX Group, acknowledged in a blog that moving from “free” to “charging” is contentious. Ryan committed that IEX prices will be reasonable and grounded in the costs incurred to provide the data.