📈MEMX Proposes New Fees Structure for Equities Trading
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
MEMX LLC has filed a proposed rule change to amend its equities transaction fee schedule, aiming to adjust criteria for liquidity provision tiers and introduce a new Tape B Volume Tier, incentivizing members to boost their order flow and enhance market quality. This initiative reflects the competitive nature of today's trading environments while aiming for equitable fee allocation.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes by MEMX LLC directly affect transaction pricing for business owners. By modifying fee schedules, particularly the standards for Liquidity Provision Tiers and introducing a new Tape B Volume Tier, it incentivizes increased order flow. This creates potential for financial benefit or cost savings for firms participating in the trading market.