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 […]
Author: Market Operations
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.
On Tuesday, January 17, 2023, MEMX released new versions of its current MEMO FIX, MEMO SBE, and FIX Drop Specifications. Version 1.11 can be found here using the “upcoming version” link. The changes include the following which are outlined in the Errata. Added new Security Group (tag 1151) field to the ExecutionReport-Trade and Trade Cancel/Correct messages indicating the security’s […]
MEMX will be closed Monday, January 2, 2023, in observance of New Year’s Day. MEMX Market Hours and Holiday Schedule Please contact Market Operations with any questions. MEMX Market Operations | mops@memx.com | 1-833-415-6677
MEMX will be closed Monday, December 26, 2022, in observance of Christmas Day. MEMX Market Hours and Holiday Schedule Please contact Market Operations with any questions. MEMX Market Operations | mops@memx.com | 1-833-415-6677
Effective Thursday, December 1, 2022, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Convert the NBBO Setter Tier to the NBBO Setter/Joiner Tier 1, which now provides an increased additive rebate for executions of setter/joiner volume (other than Retail Orders) in securities ≥$1. Adopt a new NBBO […]
On Tuesday Nov 22, 2022, MEMX released new versions of its current MEMO FIX, MEMO SBE, and FIX Drop Specifications. Version 1.8 Rev-C, 1.9 Rev-C, 1.9 Rev-D, and 1.10 Rev-C and 1.10 Rev-D can be found here using the “upcoming version” link. The changes include the following which are outlined in the Errata and leverage existing fields […]
Effective Tuesday, November 1, 2022, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adopt a new Liquidity Provision Tier 4 (and renumber the existing Liquidity Provision Tier 4 as Liquidity Provision Tier 5). Change the required criteria under Liquidity Provision Tier 2. Change the fee and the […]
Effective Monday, October 3, 2022, MEMX will be implementing the following change to transaction fees, subject to filing with the SEC: Modify the required criteria under the Step-Up Additive Rebate. Changes are reflected in bold text below. Step-Up Additive Rebate Tier Additive Rebate Per Share* Required Criteria Tier 1 $(0.0002) Member has (1) an ADAV […]