Date Filed: July 31, 2025 Description: Proposal to amend the Options Fee Schedule to: (i) decrease the transaction rebate for executions of Added Liquidity in Penny options in the Professional, Firm, Away Market Maker or Broker-Dealer capacity, and (ii) adopt a Volume Tier applicable to Added Liquidity in Penny options in a Professional capacity.
Month: July 2025
Date Filed: July 28, 2025 Description: Proposal to amend Exchange Rules 11.3(a)-(b) to define the term “Sponsored Access” and to codify that the agreement required by and between the Sponsoring Member and Sponsored Participant must include a provision that any Sponsored Access relationship must follow the requirements of SEC Rule 15c3-5, the Market Access Rule.
Date Filed: July 28, 2025 Description: Proposal to amend Exchange Rules 11.3(a)-(b) to define the term “Sponsored Access” and to codify that the agreement required by and between the Sponsoring Member and Sponsored Participant must include a provision that any Sponsored Access relationship must follow the requirements of SEC Rule 15c3-5, the Market Access Rule.
Categories
June 2025
Rule 605 Disclosure of Order Execution Information
Categories
Impacted Underliers – July 21, 2025
Date Filed: July 15, 2025 Description: Proposed Rule Change to Amend Rule 2.3, to Adopt Rule 2.12 (MEMX Execution Services as Inbound Router), to Make a Corresponding Update in Rule 2.11 (MEMX Execution Services as Outbound Router), and to Remove Obsolete Rule Text in Rule 2.4(c).
Date Filed: June 30, 2025 Description: Proposal to amend the Exchange’s Equities Fee Schedule to increase the fee for executions of removed retail volume and modify the Liquidity Provision Tiers by reducing the rebate and modifying the required criteria under Liquidity Provision 2 and reducing the rebates under Liquidity Provision Tiers 3, 4, and 5.