On Saturday, August 14, 2021, MEMX is planing to make the trading platform available for a UAT for Members to test in the production environment. While there are no trading platform changes, MEMX is releasing a new query tool that can be accessed through the MEMX User Portal. Below is a list of query filters that will […]
Category: Trader Alerts
Trader Alerts, Regulatory Notices, and Product Notices have moved: MEMX Trading Alerts & Notices
Effective Monday, August 2, 2021, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adoption of the liquidity removal tier. Increase of the fee to remove liquidity. Allowing aggregation of ADAV and ADV for affiliate Members with prior notice to MEMX. Changes are reflected in bold text below. Trading Fees and Rebates Fee Code […]
On July 26, 2021, MEMX has released new versions of its MEMO FIX and MEMO SBE specifications. The new 1.6 versions can be downloaded here. Please note, this update is not a trading platform update/change, but rather a specification update to include details on Pending New Execution report messages and Order Reject Reason Codes as […]
On Saturday, July 17, 2021, MEMX is planing to make the trading platform available for a UAT for Members to test in the production environment. Test Schedule for Saturday, July 17, 2021: Time (Eastern) Trading Status 8:30A Session Available 9:00A Pre-Market 9:30A Market 12:00P Post-Market 1:00P Post-Market Closed 1:15P Session Closed Our Market Operations and Member Experience […]
MEMX will be closed Monday, July 5, 2021 in observance of Independence Day. Normal trading will resume on Tuesday, July 6, 2021.
On Saturday, June 5, 2021, MEMX is planing to make the trading platform available for a UAT for Members to test in the production environment. Test Schedule for Saturday, June 5, 2021: Time (Eastern) Trading Status 8:30A Session Available 9:00A Pre-Market 9:30A Market 12:00P Post-Market 1:00P Post-Market Closed 1:15P Session Closed Our Market Operations and Member Experience […]
Effective Tuesday, June 1, 2021, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC: Adoption of the Displayed Liquidity Incentive rebate, as described in Trader Alert 21-17. Adoption of a liquidity provision tier. Increase of the rebate for Midpoint Peg orders that add volume. Increase of the fee to remove volume. Reduction […]
MEMX is pleased to announce our new Displayed Liquidity Incentive program (DLI), a flexible program that allows participating members to receive a superior rebate when they add displayed liquidity to the exchange. Program features A generous incentive level Ease of participation and flexibility in how quoting requirements are met Who can participate Flexible eligibility—any MEMX member can participate with no […]
MEMX is adding new functionality to allow Members to opt out of Pending New execution reports on both FIX and SBE order entry sessions effective June 01, 2021. The Pending New execution report is a response to a NewOrderSingle message indicating the request has been received by the exchange and is in the process of […]
MEMX will be closed Monday, May 31, 2021 in observance of Memorial Day. Normal trading will resume on Tuesday, June 1, 2021.