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 […]
Category: Trader Alerts
Trader Alerts, Regulatory Notices, and Product Notices have moved: MEMX Trading Alerts & Notices
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
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 […]
MEMX will be closed Monday, February 20, 2023, in observance of the Presidents’ Day holiday. Normal trading will resume on Tuesday, February 21, 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 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.