Market Data and Connectivity

IEX provides the ability for our broker-dealer Members to connect and send orders to the exchange directly. Additionally, our proprietary data feeds can be accessed by exchange Members, industry participants, retail clients, or anyone else with a need for low-latency market data, either directly or through a third-party market data provider.

Market Data and Connectivity

Market Data

IEX’s market data allows users to see real-time orders and trades that are sent to and
executed on the IEX Exchange Order Book, for both equities and options markets. IEX’s proprietary market data feeds are designed to provide transparency and enable a high level of performance without leaking information. Anyone interested in receiving one of IEX’s Real-Time Market Data feeds can either connect directly to IEX or receive our data through one of our wide selections of third-party market data provider partners. Visit our Market Data Resources page to get access to IEX Market Data today.

Equities Data Solutions

Equities TOPS

Real-time top of book quotations and last sale data from IEX equities trading.

Equities DEEP

Price aggregated, real-time depth of book quotations from IEX equities trading.

Equities DEEP+

Real-time depth of book quotations from lEX equities trading.

Order-by-order view of resting displayed orders.

Equities HIST

Free historical data downloads from IEX equities available on a T+1 basis.

IEX Stats Page

A free resource offering access to IEX-specific statistics, including exchange volume
history and performance data for the IEX Router and the IEX Exchange Retail Program.

Equities Market Data and Connectivity

Equities Connectivity

IEX offers connectivity to the exchange via physical ports as well as logical ports (also called trading sessions), which are used by broker-dealers to submit orders.

Get connected to equities

Options Data Solutions

Options TOPS

IEX Options TOPS is a real-time market data feed that provides top-of-book quotations
and last sale information directly from IEX options.

Options DEEP

Real-time depth of book quotations from lEX options

Options HIST

Free historical data downloads from IEX options available on a T+1 basis.

Options Market Data and Connectivity

Options Connectivity

IEX offers connectivity to the exchange via physical ports as well as logical ports (also called trading sessions), which are used by broker-dealers to submit orders. For Options, IEX will also offer both Market Maker quoting logical ports as well as purge ports for quote management.

Get connected to options

Equities Top of Book Quote and Last Sale (TOPS) Feed

TOPS is used to receive real-time top of book quotations direct from IEX equities. The quotations received via TOPS provide an aggregated size and do not indicate the size or number of individual orders at the best bid or ask. Non-displayed orders and non-displayed portions of reserve orders are not represented in TOPS. TOPS also provides last trade price and size information. Trades resulting from either displayed or non-displayed orders matching on IEX are reported. Routed executions are not reported.

Access real-time TOPS feed direct from IEX equities

Equities Depth of Book and Last Sale (DEEP) Feed

DEEP is used to receive real-time depth of book quotations direct from IEX equities. The depth of book quotations received via DEEP provide an aggregated size of resting displayed orders at a price and side, and do not indicate the size or number of individual orders at any price level. Non-displayed orders and non-displayed portions of reserve orders are not represented in DEEP.

DEEP also provides last trade price and size information. Trades resulting from either displayed or non-displayed orders matching on IEX are reported. Routed executions are not reported.

Access real-time DEEP feed direct from IEX equities

Equities Order-by-Order Depth of Book and Last Sale (DEEP+) Feed

DEEP+ is used to receive real-time depth of book quotations direct from IEX equities. The depth of book quotations received via DEEP+ provide an order-by-order view of resting displayed orders. Non-displayed orders and non-displayed portions of reserve orders are not represented in DEEP+.


DEEP+ also provides last trade price and size information. Trades resulting from either
displayed or non-displayed orders matching on IEX Exchange are reported. Routed
executions are not reported. IEX will be launching a channelized version of this feed
soon. Learn more.

Access real-time DEEP+ feed direct from IEX equities

The IEX API, TOPS Viewer, and Stocks App were retired on November 18, 2021.
Please see SR-IEX-2021-13 or IEX Trading Alert #2021 – 039 for more information.

Equities Historical Data (HIST) Download

HIST is used to download historical data from IEX equities. Data is available for free download on a T+1 basis. Additionally, the most recent twelve months of data are also available to download. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use.

Download HIST data for equities

Options Top of Book Quote and Last Sale (TOPS) Feed

IEX Options TOPS offers real-time top of book quotations directly from IEX Options. The quotations received via TOPS provide an aggregated size and do not indicate the size or number of individual orders at the best bid or ask. Non-displayed orders and non-displayed portions of reserve orders are not represented in TOPS. TOPS also provides last trade price and size information. Trades resulting from either displayed or non-displayed orders matching on IEX Equities or IEX Options are reported. Routed executions are not reported.

Access real-time TOPS feed direct from IEX options

Options Order-by-Order Depth of Book and Last Sale (DEEP) Feed

IEX Options DEEP offers real-time depth of book quotations directly from IEX Options. The depth of book quotations received via IEX Options DEEP provide an order-by-order view of resting displayed orders. Non-displayed orders and non-displayed portions of reserve orders are not represented. DEEP also provides last trade price and size information. Trades resulting from either displayed or non-displayed orders matching on IEX Options are reported. Routed executions are not reported.

Access real-time DEEP feed direct from IEX options
Market Data and Connectivity

Become a Vendor

IEX values the important role Market Data and Connectivity vendors play in capital markets bringing critical infrastructure, data, tools and analytics to the full spectrum of participants across the ecosystem of trading and data.

Interested in becoming a Market Data and Connectivity vendor with IEX? Learn more below about what IEX has to offer.

About the program:

The External Distribution Rebate program rewards distributors who bring new clients to IEX Market Data by letting you share directly in our growth:

  • The program will run September 1, 2026 through August 31, 2028.
  • Earn a 75% rebate on our market data revenue from each qualified new client you onboard.
  • Earn rebates on qualified new clients for the duration of the program, through August 31, 2028, with no cap on earnings.
  • Simple onboarding and a transparent, straightforward attribution process.

Eligible products under the program include:

  • IEX TOPS
  • IEX DEEP®
  • IEX DEEP+

IEX Growth

7.8%

of exchange market share in U.S. Equities markets
(As of Q1 2026)

3rd

most present exchange at the NBBO amongall U.S. exchanges in Russell 3000 names

5x

Our lit market share is up more than 5x since Q3 2026 QTD

How to Participate

  1. Connect & onboard — If you are not an existing distributor, establish connectivity to IEX market data, directly or through an approved vendor. Review our connectivity agreements and forms.
  2. Enroll in the program — execute the required market data agreements and formally opt into the External Distribution Rebate Program by checking the opt in box on the Exhibit A, or Extranets can opt in via the Extranet addendum.
  3. Register referrals — for each new IEX client, submit an updated Exhibit A identifying the client and confirm referral attribution with IEX.
  4. Grow together — partner with us on co-marketing, joint client calls, event sponsorships, and other initiatives to drive adoption.

Ready to learn more?

Read our blog
Contact our Market Data Team

Program terms and eligibility are subject to the External Distribution Rebate Program agreement and related market data terms and conditions.

Market Data and Connectivity

Fees

At IEX, we believe that exchange fees should be charged fairly and transparently.

We believe it is critical that market data and connectivity fees be based on costs incurred by the provider (with a reasonable markup) because exchanges’ monopolistic positions create a potential for abusive pricing practices. Where we have determined that fees are appropriate, we have led the industry in providing data and analysis demonstrating how those fees are related to our costs, and provided sufficient time for the industry to evaluate the potential impact of those fees and comment publicly if they choose.

Our equities fee schedule