16 Jun 2025
💹MEMX Proposes Non-Display Add Tier 3 Fee Schedule Changes
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 filed a proposed rule change with the SEC to amend its fee schedule by introducing a new tier, Non-Display Add Tier 3. This tier aims to enhance rebates for certain executing orders, fostering a competitive trading environment and incentivizing members to increase liquidity. The changes are designed to attract more order flow to the exchange, impacting trading costs and strategies.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change to amend MEMX LLC's fee schedule affects trading costs and rebates for Members, directly impacting businesses engaged in equities trading. The introduction of the Non-Display Add Tier 3 provides incentives for order flow, potentially altering market dynamics and influencing profitability for trading firms.