Effective Wednesday, May 1, 2024, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Changes are reflected in bold text below. Notes: * * * * * Liquidity Provision Tiers Tier Rebate Per Share Required Criteria Tier 1 $(0.0033) (1) Member has an ADAV (excluding Retail Orders) ≥ […]
Category: Trader Alerts
This notice is being issued to inform you of the recently published Securities and Exchange Commission (SEC) order described in the Second Fee Rate Advisory for Fiscal Year 2024, 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 $27.80 per million dollars for covered sales occurring on or […]
On Tuesday, April 23, 2024, MEMX Options released a new version of its MEMO SBE and Risk Specifications. Version 1.7A can be found here using the “upcoming version” link. Release dates for the MEMX Options Development Environment (MODE) and Production to follow. Updates are listed below and in the specification Errata included in the download: MEMO SBE v1.7A Risk Control […]
On January 3, 2024, MEMX published Regulatory Notice 24-01: 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 5, 2024. The […]
Effective Monday, April 1, 2024, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Changes are reflected in bold text below. Fee Code Description Fee/(Rebate) – Securities at or above $1.00 (“A”) Fee/(Rebate) – Securities below $1.00 (“B”) B, D, or J or I Added displayed volume $(0.0015) […]
MEMX Equities and MEMX Options will be closed Friday, March 29, 2024, in observance of Good Friday. Normal trading will resume on Monday, April 1, 2024. MEMX Market Hours and Holiday Schedule Please contact Market Operations with any questions. MEMX Market Operations | mops@memx.com | 1-833-415-6677
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 6, 2024, the final test in MEMX’s 2023 testing year. In coordination with other market participants, MEMX will participate in the test and publish a test script: MEMX 2023 […]
On Friday, March 1, 2024, MEMX Options released a new version of its MEMO SBE and Risk Specifications. Version 1.7 can be found here using the “upcoming version” link. Release dates for the MEMX Options Development Environment (MODE) and Production to follow. Updates are listed below and in the specification Errata included in the download: MEMO SBE v1.7 Risk Control […]
As previously announced here, MEMX Options is updating its Instrument Directory file and making changes to the symbology required in the Firm and Risk Management User Portal tools. The changes are currently available in the MEMX Options Development Environment (MODE) and production release date is Monday, March 11, 2024. Updates are listed below: Instrument Directory Update: **NOTE: […]
Effective Friday, March 1, 2024, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Changes are reflected in bold text below. Transaction Fees 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 $(0.0015) […]