23 Jul 2025
📈SEC Rule Change for MEMX Execution Services
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Rule 2.3, To Adopt Rule 2.12 (MEMX Execution Services as Inbound Router), To Make a Corresponding Update in Rule 2.11 (MEMX Execution Services as Outbound Router), and To Remove Obsolete Rule Text in Rule 2.4(c)
Summary
The SEC is proposing amendments to MEMX LLC's rules to clarify membership requirements for brokers and dealers and to adopt new rules governing MEMX Execution Services as an inbound router. The changes aim to align operational protocols with those of the recently approved national securities exchange, MX2, while removing obsolete rule provisions.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory text details proposed rule changes by the SEC affecting the requirement for membership in national securities exchanges, which directly influences compliance and operational protocols for brokers and dealers. The amendments to rules governing execution services could affect how member firms route orders.