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 […]
Category: Trader Alerts
Trader Alerts, Regulatory Notices, and Product Notices have moved: MEMX Trading Alerts & Notices
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 […]
MEMX will be closed Thursday, November 26, 2020 for Thanksgiving. MEMX will follow an abbreviated trading schedule on Friday, November 27, 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, November 26, 2020 – Closed Friday, November 27, 2020 – Abbreviated […]
All NMS symbols will be active starting Thursday, October 29, 2020 See our Instrument Directory for the daily symbol list NMS routing is not currently enabled, MEMX will provide an update when we plan to enable it. ALL NMS test symbols are available. See the blog post on memx.com for the full update
Additional 493 Symbols on Wednesday, October 21, 2020 The remainder of the S&P 500 components, plus the 24 instruments below will be added to the existing symbols. ABEVACBAPHABBDCVECXITUBNGDNNDMQIDSPXUSWN SQQQKCACKCAC+KCAC=KKRKKR-AKKR-BKKR-CTDW+AVST+ANSPR+BTDW+B See our Instrument Directory for the Full List Here NOTES: NMS routing is not currently enabled, MEMX will provide an update when we plan to enable […]