14 Apr 2025
📈MEMX Announces New Tape C Quoting Tier for Equities Trading
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Exchange's Equities Fee Schedule Concerning Additive Rebates
Summary
The Securities and Exchange Commission has published a notice regarding MEMX LLC's proposed rule change, introducing the Tape C Quoting Tier. This amendment aims to provide additive rebates for trading in Tape C securities, thereby enhancing liquidity and market quality, allowing for improved trading conditions within a competitive exchange landscape.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change introduces a Tape C Quoting Tier that offers additive rebates for market participants. This amendment to the fee schedule is significant for business owners reliant on trading operations, as it directly affects transaction costs and the incentives for providing liquidity on a competitive exchange, potentially impacting profitability.