Effective Thursday, June 1, 2023, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Modify the required criteria under Liquidity Provision Tier 4. Adopt a new Liquidity Provision Tier 6. Increase the fee and change the required criteria under Liquidity Removal Tier 1. Eliminate Liquidity Removal Tier 2. […]
Author: Market Operations
MEMX will be closed Monday, May 29, 2023, in observance of Memorial Day. Normal trading will resume on Tuesday, May 30, 2023. MEMX Market Hours and Holiday Schedule Our Market Operations and Member Experience teams are here for any of your questions. MEMX Market Operations mops@memx.com 1-833-415-6677 MEMX Member Experience memberx@memx.com 1-833-415-6369
Effective Monday, May 1, 2023, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Modify the required criteria under Liquidity Provision Tiers 2, 4, and 5. Modify the required criteria under DLI Tier 2. Changes are reflected in bold text below. Liquidity Provision Tiers Tier Rebate Per Share […]
Effective Monday, April 3, 2023, MEMX will be implementing the following change to transaction fees, subject to filing with the SEC: Remove the alternative criteria under NBBO Setter/Joiner Tier 1. The change is reflected in bold text below. NBBO Setter/Joiner Tiers Tier Additive Rebate Per Share* Required Criteria Tier 1 $(0.0004) Member has (1) an […]
Effective Wednesday, March 1, 2023, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Reduce the base rebates for executions of orders (including Retail Orders) that add displayed volume in securities ≥$1. Reduce the base rebates for executions of orders (including midpoint peg orders and orders subject to […]
On March 1, 2023, all 1.9 versions of the MEMX specs will be deprecated: MEMO SBE v1.9 MEMO FIX v1.9 FIX DROP v1.9 Our Market Operations team is here for any of your questions. MEMX Market Operations mops@memx.com 1-833-415-6677
This notice is being issued to inform you of the recently published Securities and Exchange Commission (SEC) order described in Fee Rate Advisory #2 for Fiscal Year 2023, in which the SEC announced the Section 31 transaction fee rate applicable to securities transactions on the exchanges and over-the-counter markets will be $8.00 per million dollars for covered sales occurring on or after […]
Effective Wednesday, March 1, 2023, MEMX will be modifying the following fees for market data products as set forth below, subject to filing with the SEC. DELIVERY MEMOIR DEPTH MEMOIR TOP MEMOIR LAST SALE Non-Display Usage not by Trading Platforms1 $2,500 $1,500 N/A N/A Non-Display Usage by Trading Platforms1 $2,500 $4,000 N/A N/A 1 Fee […]
Effective Wednesday, February 1, 2023, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adopt new pricing for executions of orders subject to the Exchange’s Display-Price Sliding that add liquidity and receive price improvement, which are also subject to the Exchange’s Non-Display Add Tiers. Adopt a new Liquidity […]
Effective Wednesday, February 1, 2023, the Post-Market Trading Session will be extended to 8PM ET rather than 5PM ET.