Effective Friday, November 1, 2024, MEMX will be implementing the following changes to MEMX Options transaction fees, subject to filing with the SEC:
- Amend the Transaction Fees section of the Options Fee Schedule to separate the existing transaction rebates and fees for executions of contracts made in the Market Maker capacity from executions made in the Professional, Firm, Away Market Maker, or Broker-Dealer capacities
- Reduce the rebate for executions which add liquidity to the MEMX Options Book where the underlying security is in the Penny Interval Program and such execution is in the Professional, Firm, Away Market Maker, or Broker-Dealer capacities
- Reduce the rebate for executions which add liquidity to the MEMX Options Book where the underlying security is not in the Penny Interval Program and such execution is in the Professional, Firm, Away Market Maker, or Broker-Dealer capacities
Changes are reflected in bold text below.
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Transaction Fees
MEMX Options Members are charged per contract fees or provided per contract rebates based on contracts executed within each of the fee code categories below.
| Capacity | Penny (“P”) | Non-Penny (“N”) | ||
| Add (“D”) | Remove (“R”) | Add (“D”) | Remove (“R”) | |
| Customer (“c”) | ($0.49) | $0.46 | ($1.19) | $0.85 |
| Market Maker (“m”) | ($0.45) | $0.50 | ($0.80) | $1.21 |
| Professional (“p”) | ($0.42) | $0.50 | ($0.72) | $1.21 |
| Firm (“f”) | ||||
| Away Market Maker (“a”) | ||||
| Broker-Dealer (“b”) | ||||
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Please see the Fee Schedule for more details.
Contact Market Operations or your MEMX Relationship Manager with any questions.