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SR-MEMX-2022-01: Proposed Changes to Fee Schedule

Date Filed: February 28, 2022

Description: Proposed rule change to amend the Fee Schedule to: (i) adopt a new NBBO Setter Tier that provides an additive rebate for executions of Setter Volume; (ii) modify pricing for executions of Added Non-Displayed Volume by reducing the standard rebates for such executions and adopting Non-Display Add Tiers; (iii) modify the required criteria under Liquidity Provision Tier 3; (iv) reduce the standard rebate for executions of Added Displayed Volume; (v) reduce the standard rebate for executions of Added Displayed Retail Volume; (vi) increase the standard fee for executions of Removed Volume; (vii) modify Liquidity Removal Tier 1 by increasing the fee for executions of Removed Volume and modifying the required criteria under such tier; (viii) eliminate the DLI Additive Rebate for DLI Tier 2; and (ix) eliminate the Targeted Step-Up Tier.