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, […]
MEMX will be closed Monday, February 15, 2021, in observance of the Presidents’ Day holiday. Normal trading will resume on Tuesday, February 16, 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 […]
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 […]
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 2021, 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 $5.10 per million dollars effective Thursday, February 25, 2021. Until that […]
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 […]
MEMX will be closed Monday, January 18, 2021, in observance of Martin Luther King, Jr. Day. Normal trading will resume on Tuesday, January 19, 2021.
MEMX will be closed Friday, December 25, 2020, for Christmas, and Friday, January 1, 2021, for New Year’s Day. MEMX will follow an abbreviated trading schedule on Thursday, December 24, 2020, in which the regular market session will conclude at 1:00 p.m. ET and the post-market session will conclude at 2:00 p.m. ET. Thursday, December 24, 2020 – Abbreviated […]
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 […]
Effective Tuesday, December 1, 2020, MEMX will introduce the following pricing. Retail Orders that add Displayed Liquidity Effective December 1, 2020, MEMX will being offering an enhanced rebate of $0.0034 per share for displayed orders that provide liquidity and are designated as Retail Orders upon entry. The Retail Order Designation program is designed for Members […]