21 Feb 2025
💰MEMX Proposes New Fee Schedule for Tape A Securities Trading
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Fee Schedule To Adopt a Tape A Quoting Tier
Summary
The Securities and Exchange Commission announces MEMX LLC's proposal to amend its fee schedule by introducing a new Tape A Quoting Tier. This tier will provide rebates for trades that add displayed liquidity in Tape A securities priced at $1.00 or above, aiming to enhance trading activity and member engagement.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by MEMX LLC introduces new fee structures that may influence trading costs and liquidity incentives for members dealing with Tape A securities. This could affect trading strategies and profitability for businesses engaged in such activities.