Categories
Alerts and Notices Trader Alerts

Trader Alert 21-14: New Trading Platform Version on May 10, 2021 (Updated)

MEMX is releasing a new version of the trading platform Monday, May 10, 2021. This release contains the following changes with regard to order handling of resting displayed odd lot orders and resting hidden orders, as described below. These changes are currently available for testing in our MDE environment. Resting Displayed Odd Lot Orders – […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-12: UAT on April 10, 2021

On Saturday, April 10, 2021, MEMX is planing to make the trading platform available for a UAT for Members to test in the production environment. Test Schedule for Saturday, April 10, 2021: Time (Eastern) Trading Status 8:30A  Session Available 9:00A  Pre-Market 9:30A  Market 12:00P  Post-Market 1:00P Post-Market Closed 1:15P  Session Closed Our Market Operations and Member Experience […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-10: New Trading Platform Version on March 22, 2021

MEMX is releasing a new version of the trading platform Monday, March 22, 2021. This release contains the following changes:  MEMX will now be accepting an optional limit price on primary pegged orders. Various minor performance enhancements are being released. This release is currently running in the MDE environment and is available throughout the week […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-08: UAT on March 6, 2021

On Saturday March 6, 2021 MEMX will conduct a weekend UAT for Members to test the March 15 release in production environment. Test Schedule for Saturday March 6, 2021: Time (Eastern) Trading Status 8:30A  Session Available 9:00A  Pre-Market 9:30A  Market 12:00P  Post-Market 1:00P Post-Market Closed 1:15P  Session Closed What is Changing? MEMX will now be accepting an […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-07: NMS Routing Roll Out Schedule Starting February 17, 2021

MEMX will begin routing on February 17, 2021. In order to participate, the MEMX Routing Agreement needs to be completed. Routing Agreement Phase 1: Wednesday, February 17, 2021 All NMS test symbols and the following list of symbols will be enabled in production for NMS routing: AAPL, ACST, AEZS, AMC, ARTL, BB, ED, GE, GEVO, […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-05: Fee Schedule Update Effective February 1, 2021

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 […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-04: Routing Functionality Testing on February 6, 2021

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 […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 21-02 (Updated): New Trading Platform Version – Effective Wednesday January 20, 2021

MEMX is releasing a new version of the trading platform on the evening of Thursday, January 14, 2021 Tuesday, January 19, 2021, for an effective date of Friday January 15, 2021 Wednesday, January 20, 2021. This release contains the following changes:  MEMX will now accept limit orders regardless of the presence of an away market. Currently […]

Categories
Trader Alerts

Trader Alert 20-13: Fee Schedule Updates Effective December 4, 2020

Effective December 4, 2020, MEMX will implement the following pricing for executions in securities priced below $1.00: for all orders that add liquidity, MEMX will provide a rebate equal to 0.05% of the total dollar value of the execution; for all orders that remove liquidity, MEMX will charge a fee equal to 0.05% of the […]

Categories
Alerts and Notices Trader Alerts

Trader Alert 20-07: MEMX Trading Symbols Update

Starting Tuesday October 13th our active symbols will be: Current symbols: ACST, AMGN, BB, CRM, DIA, ED, F-B, GOOG, GS, HD, HON, ICSH, MCD, MMM, MSFT, NOK, UNH, V, XOM 29 New Additions: (20) The rest of DIA constituents – AAPL, AXP, BA, CAT, CSCO, CVX, DIS, DOW, IBM, INTC, JNJ, JPM, KO, MRK, NKE, […]