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 Tuesday, June 1, 2021, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adoption of the Displayed Liquidity Incentive rebate, as described in Trader Alert 21-17. Adoption of a liquidity provision tier. Increase of the rebate for Midpoint Peg orders that add volume. Increase of the fee to remove volume. Reduction […]
MEMX is pleased to announce our new Displayed Liquidity Incentive program (DLI), a flexible program that allows participating members to receive a superior rebate when they add displayed liquidity to the exchange. Program features A generous incentive level Ease of participation and flexibility in how quoting requirements are met Who can participate Flexible eligibility—any MEMX member can participate with no […]
MEMX is adding new functionality to allow Members to opt out of Pending New execution reports on both FIX and SBE order entry sessions effective June 01, 2021. The Pending New execution report is a response to a NewOrderSingle message indicating the request has been received by the exchange and is in the process of […]