MEMX has updated the computation method for average realized spread and average effective spread as of January 2022, after this report was published. MEMX has updated the order type code computation method for At-the-Quote Limit Orders and Marketable Limit Orders as of May 2022, after this report was published.
Effective Monday, February 1, 2021, MEMX will be implementing the following transaction fees. Changes are in bold text below. Trading Fees and Rebates Fee Code Description Fee/(Rebate) – Securities at or above $1.00 (“A”) Fee/(Rebate) – Securities below $1.00 (“B”) B, D or J Added displayed volume $(0.0034) (0.05% of total dollar value) Br, Dr or Jr […]
Date Filed: January 29, 2021 Description: Proposed rule change to amend the Fee Schedule to: (i) increase the standard rebate for executions of orders that add displayed liquidity to the Exchange; (ii) increase the standard rebate for executions of Retail Orders that add displayed liquidity to the Exchange; (iii) increase the standard fee for executions […]
On Saturday February 6, 2021 MEMX will conduct a weekend UAT for Members to test Routing Functionality in the production environment. As a reminder, MEMX will only be routing to satisfy Reg NMS and is not supporting any specific routing strategies or allowing directed routing. The scope of this weekend test is limited to NMS […]
This notice is being issued to inform you of the recently published Securities and Exchange Commission (SEC) order described in Fee Rate Advisory #2 for Fiscal Year 2021, in which the SEC announced the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will be $5.10 per million dollars effective Thursday, February 25, 2021. Until that […]
Date Filed: January 21, 2021 Description: Proposed rule change to add proposed Interpretation and Policy .03 to Exchange Rule 4.2 that would provide a waiver of the requirement that members of the Exchange for which the Exchange is not the designated examining authority provide the Exchange with copies of their broker-dealer annual reports.