Effective Monday, May 2, 2022, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adopt a new Step-Up Additive Rebate incentive, which provides an additive rebate of 0.0002 per share for executions of added displayed volume in securities ≥$1 (other than orders that establish the NBBO for Members […]
On April 22, 2022, MEMX released a new version of its MEMO FIX, MEMO SBE, and Fix Drop specifications. Version 1.10 of MEMO and Fix Drop can be found here using the “Upcoming version” link. Please see the Specification Errata document included in the download for details. Note: the MEMX MDE test environment already has this update; […]
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.
Date: April 21, 2022 Description: Certain members designated by MEMX are now required to participate in at least one industry-wide Market-Wide Circuit Breaker test each year.
Date Filed: April 21, 2022 Description: Proposal to adopt rules to govern the trading of options on the Exchange.