Alerts and Notices Trader Alerts

Trader Alert 21-35: Fee Schedule Update Effective December 1, 2021

Effective Wednesday, December 1, 2021, MEMX will be implementing the following change to transaction fees, subject to filing with the SEC:

  • Adoption of a new Fee Code for Retail Orders with a Time-in-Force instruction of Day, GTT or RHO that remove volume from the MEMX Book upon entry, which will not be charged a fee.

Changes are reflected in bold text below

Trading Fees and Rebates

Fee CodeDescriptionFee/(Rebate) – Securities at or above $1.00 (“A”)Fee/(Rebate) – Securities below $1.00 (“B”)
B, D or JAdded displayed volume$(0.0028)(0.05% of total dollar value)
B1, D1 or J1Added displayed volume, Liquidity Provision Tier 1$(0.00335)(0.05% of total dollar value)
B2, D2 or J2Added displayed volume, Liquidity Provision Tier 2$(0.0031)(0.05% of total dollar value)
Bq1, Dq1 or Jq1Added displayed volume, DLI Tier 1$(0.0035)(0.05% of total dollar value)
Bq2, Dq2 or Jq2Added displayed volume, DLI Tier 2$(0.0034)(0.05% of total dollar value)
Br, Dr or JrAdded displayed volume, Retail Order$(0.0037)(0.05% of total dollar value)
HAdded non-displayed volume$(0.0020)(0.05% of total dollar value)
MAdded non-displayed volume, Midpoint Peg$(0.0025)(0.05% of total dollar value)
RRemoved volume from MEMX Book$0.00290.05% of total dollar value
R1Removed volume from MEMX Book, Liquidity Removal Tier 1$0.00270.05% of total dollar value
Rr0Removed volume from MEMX Book upon entry, Retail Order (DAY/GTT/RHO)FreeFree
ZRouted to another market, removed liquidity$0.00300.30% of total dollar value

Contact Market Operations or your MEMX Relationship Manager with any questions.