Effective Monday, August 2, 2021, MEMX will be implementing the following changes to transaction fees, subject to filing with the SEC:
- Adoption of the liquidity removal tier.
- Increase of the fee to remove liquidity.
- Allowing aggregation of ADAV and ADV for affiliate Members with prior notice to MEMX.
Changes are reflected in bold text below.
Trading Fees and Rebates
|Fee Code||Description||Fee/(Rebate) – Securities at or above $1.00 (“A”)||Fee/(Rebate) – Securities below $1.00 (“B”)|
|B, D or J||Added displayed volume||$(0.0031)||(0.05% of total dollar value)|
|B1, D1 or J1||Added displayed volume, Liquidity Provision Tier||$(0.00335)||(0.05% of total dollar value)|
|Bq, Dq or Jq||Added displayed volume, DLI||$(0.0036)||(0.05% of total dollar value)|
|Br, Dr or Jr||Added displayed volume, Retail Order||$(0.0037)||(0.05% of total dollar value)|
|H||Added non-displayed volume||$(0.0020)||(0.05% of total dollar value)|
|M||Added non-displayed volume,|
|$(0.0025)||(0.05% of total dollar value)|
|R||Removed volume from MEMX Book||$0.0028||0.05% of total dollar value|
|R1||Removed volume from MEMX Book, Liquidity Removal Tier||$0.00265||0.05% of total dollar value|
|Z||Routed to another market, removed liquidity||$0.0030||0.30% of total dollar value|
Please see the Fee Schedule for more details.
Contact Market Operations or your MEMX Relationship Manager with any questions.