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 total dollar value of the execution.
Below is a table depicting revised fees and rebates effective as of December 4, 2020.
| Fee Code | Description | Fee/(Rebate) – Securities at or above $1.00 (“A”) | Fee/(Rebate) – Securities below $1.00 (“B”) |
|---|---|---|---|
| B, D or J | Added displayed volume | $(0.0029) | (0.05% of total dollar value) |
| Br, Dr or Jr | Added displayed volume, Retail Order | $(0.0034) | (0.05% of total dollar value) |
| H or M | Added non-displayed volume | $(0.0020) | (0.05% of total dollar value) |
| R | Removed volume from MEMX Book | $0.0025 | 0.05% of total dollar value |
| Z | Routed to another market, removed liquidity | $0.0030 | No charge |
Please contact Market Operations or your MEMX Relationship Manager with any questions.