Date Filed: June 30, 2022 Description: Proposed rule change to amend the Fee Schedule to: (i) reduce certain rebates and modify certain required criteria under the Liquidity Provision Tiers; (ii) modify the required criteria under the Step-Up Additive Rebate; (iii) increase the fee and modify the required criteria under Liquidity Removal Tier 1; (iv) reduce […]
Month: June 2022
Effective Friday, July 1, 2022, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Reduced the rebate for added displayed volume in securities ≥$1 and added an alternative criteria under Liquidity Provision Tier 1. Modified the required criteria under Liquidity Provision Tier 2. Reduced the rebate for added […]
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May 2022
The Securities Information Processors (“SIPs”) will conduct data center failover testing as well as Market-Wide Circuit Breaker (“MWCB”) breach Level 1 and 2 on Saturday, July 23, 2022. In coordination with other market participants, MEMX will participate in the test and published a test script: MEMX 2022 Market-Wide Circuit Breaker Test Script. Certain members designated […]