On May 27, 2022, MEMX released new minor versions of its MEMO FIX 1.9 and 1.10 specification to correct a typo. Version 1.9 Rev A and 1.10 Rev A include the following correction and can be downloaded here: Section 6.3 Logon initially identified DefaultCstmApplVerID as Tag 1480, but should have been identified as 1408. Tag […]
Category: Trader Alerts
Trader Alerts, Regulatory Notices, and Product Notices have moved: MEMX Trading Alerts & Notices
Effective Wednesday, June 1, 2022, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adoption of a new Liquidity Provision Tier 1 (and renumbered the three existing Liquidity Provision Tiers to 2-4). Addition of alternative criteria under Liquidity Provision Tier 2. Modification of the required criteria and reduction […]
MEMX will be closed Monday, May 30, 2022, in observance of Memorial Day. Normal trading will resume on Tuesday, May 31, 2022. MEMX Market Holiday 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 2, 2022, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adopt a new Step-Up Additive Rebate incentive, which provides an additive rebate of 0.0002 per share for executions of added displayed volume in securities ≥$1 (other than orders that establish the NBBO for Members […]
On April 22, 2022, MEMX released a new version of its MEMO FIX, MEMO SBE, and Fix Drop specifications. Version 1.10 of MEMO and Fix Drop can be found here using the “Upcoming version” link. Please see the Specification Errata document included in the download for details. Note: the MEMX MDE test environment already has this update; […]
On February 2, 2022, MEMX published Regulatory Notice 22-01: 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 15, 2022. The scope […]
This notice is being issued to inform you of the recently published Securities and Exchange Commission (SEC) order described in Fee Rate Advisory #1 for Fiscal Year 2022, 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 $22.90 per million dollars for covered sales occurring on or after […]
MEMX will be closed Friday, April 15, 2022, in observance of Good Friday. Normal trading will resume on Monday, April 18, 2022. MEMX Market Holiday 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
As previously announced on February 9, 2022, MEMX will implement fees for its market data feeds (MEMOIR Depth, MEMOIR Top, and MEMOIR Last Sale) effective April 1, 2022. In connection with such fees, MEMX is also implementing certain monthly reporting requirements for market data customers to report their usage, with the first month’s reporting (covering usage in […]
On March 23, 2022, MEMX released new versions of its MEMO FIX, MEMO SBE, and Fix Drop specifications. Version 1.9 of MEMO and FIX Drop can be found here using the “Upcoming version” link. This specification update includes addition of a new LnkID and ExtendedRestatementReason fields as well as version validations for MEMO and Fix Drop. Note: […]