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.