On Saturday, December 4, 2021, MEMX is participating in the UTP and CTA failover testing to the secondary data centers as well as Market-Wide Circuit Breaker testing. The trading platform will be available for Member testing. Test Schedule for Saturday, December 4, 2021: Time (Eastern) Trading Status 8:00A Session Available 8:30A Pre-Market 9:30A Market 12:00P Post-Market 1:00P […]
Category: Trader Alerts
Trader Alerts, Regulatory Notices, and Product Notices have moved: MEMX Trading Alerts & Notices
In spring of 2022, MEMX plans to release its new Retail Midpoint Liquidity Program (“RMLP”) pending SEC approval. The program details can be found here SR-MEMX-2021-10: Proposal to Establish a Retail Midpoint Liquidity Program. The advance copy of the new specifications can be download here. You will be prompted to choose to download the current […]
MEMX will be closed Thursday, November 25, 2021, in observance of Thanksgiving. MEMX will follow an abbreviated trading schedule on Friday, November 26, 2021, 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, November 25, 2021 – Closed Friday, November 26, 2021 – Abbreviated Trading Schedule Time (Eastern) […]
On Monday, November 15, 2021, MEMX plans to release the following updates to available risk controls: Duplicative orders risk control – Members will have the ability to configure this control to exclude “price” as a parameter in the calculation. By default, symbol, side, quantity and price are included in the calculation. Order rate control – Members will […]
Effective Monday, November 1, 2021, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adoption of a Targeted Step-Up Tier that provides an additive rebate for executions of added volume in securities >=$1 (other than displayed Retail Orders) if one of two specified volume thresholds is achieved in […]
On Monday, September 27, 2021, MEMX is releasing a new feature where Members can opt to change the behavior when the aggregate gross and net exposure limits are breached. The default behavior of the aggregate risk controls is to reject new orders and cancel open orders. The new functionality permits Members to optionally let open orders remain, while rejecting all […]
On February 1, 2021, MEMX published Regulatory Notice 21-2: Mandatory Participation in Regulation SCI Disaster Recovery Testing. In coordination with other market centers as part of the SIFMA organized industry test, and in support of Regulation System Compliance and Integrity requirements, MEMX will host a test of its secondary/disaster recovery facilities on Saturday, October 23, 2021. The scope for […]
Effective Wednesday, September 1, 2021, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Updated the criteria for the Liquidity Provision Tier to be based on percentage of TCV. Adoption of a second Liquidity Provision Tier. Adoption of a second Displayed Liquidity Incentive (DLI) Tier. Increase of the […]
MEMX will be closed Monday, September 6, 2021 in observance of Labor Day. Normal trading will resume on Tuesday, September 7, 2021.
On Saturday, August 21, 2021, MEMX is participating in the UTP and CTA failover testing to the secondary data centers as well as Market-Wide Circuit Breaker testing. The trading platform will be available for Member testing. Test Schedule for Saturday, August 21, 2021: Time (Eastern) Trading Status 8:00A Session Available 8:30A Pre-Market 9:30A Market 12:00P Post-Market 1:00P […]