The following updates pertain to the MEMX Options exchange launch. Schedule Updates: 1. Pre-Production Environment : Monday, June 12, 2023: Port requests, order entry, order cancel, execution, and drop copy functionality, along with market data Login and market data details provided upon request by emailing mops@memx.com 2. MEMX Options Development Environment (MODE): Monday, August 7, 2023: […]
Category: Trader Alerts
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. […]
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 […]
On February 8, 2023, MEMX published Regulatory Notice 23-01: Mandatory Participation in Regulation SCI Disaster Recovery Testing. In coordination with other market centers as part of SIFMA BCP testing, and in support of Regulation System Compliance and Integrity requirements, MEMX will host a test of its secondary/disaster recovery facilities on Saturday, October 14, 2023. The scope […]
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 […]
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, April 1, 2023. In coordination with other market participants, MEMX will participate in the test and published a test script: MEMX 2023 Market-Wide Circuit Breaker Test Script. Certain members designated by MEMX […]
MEMX will be closed Friday, April 7, 2023, in observance of Good Friday. Normal trading will resume on Monday April 10, 2023. MEMX Market Hours and Holiday Schedule Please contact Market Operations with any questions. MEMX Market Operations mops@memx.com 1-833-415-6677
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