Effective Monday, February 1, 2021, MEMX will be implementing the following transaction fees. Changes are in bold text below.
Trading Fees and Rebates
|Fee Code||Description||Fee/(Rebate) – Securities at or above $1.00 (“A”)||Fee/(Rebate) – Securities below $1.00 (“B”)|
|B, D or J||Added displayed volume||$(0.0034)||(0.05% of total dollar value)|
|Br, Dr or Jr||Added displayed volume, Retail Order||$(0.0037)||(0.05% of total dollar value)|
|H or M||Added non-displayed volume||$(0.0020)||(0.05% of total dollar value)|
|R||Removed volume from MEMX Book||$0.0026||0.05% of total dollar value|
|Z||Routed to another market, removed liquidity||$0.0030||0.30% of total dollar value|
Please contact Market Operations or your MEMX Relationship Manager with any questions.