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SR-MEMX-2021-21: Proposed Changes to Fee Schedule

Date Filed: December 30, 2021

Description: Proposed rule change to amend the Fee Schedule to: (i) reduce the standard rebate for Added Displayed Volume; (ii) modify the Liquidity Provision Tiers by reducing the rebate for Added Displayed Volume and modifying the required criteria under Liquidity Provision Tier 1, modifying the required criteria under Liquidity Provision Tier 2, and adopting a new Liquidity Provision Tier 3; (iii) modify Liquidity Removal Tier 1 by increasing the fee for Removed Volume and modifying the required criteria under such tier; (iv) modify the DLI Tiers by reducing the rebates under DLI Tiers 1 and 2 and adopting a new DLI Additive Rebate applicable to DLI Tiers 1 and 2; and (v) modify pricing for Removed Sub-Dollar Volume and Added Non-Displayed Sub-Dollar Volume.