16 Jul 2025
💰MEMX Exchange Proposes Fee Changes Impacting Trading Costs
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Fee Schedule Concerning Equities Transaction Pricing
Summary
The MEMX LLC proposed rule change seeks to amend its fee schedule by increasing fees for certain Retail Orders and modifying liquidity provision tiers. The adjustments aim to enhance revenue while maintaining competitive positioning within the market structure. Changes are expected to influence transaction costs and encourage increased order flow among Members.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces increased fees for trading Retail Orders and modifies liquidity tiers, impacting execution costs and rebates for Members. This directly affects transaction pricing, potentially altering business strategies for firms that engage with the Exchange.