17 Mar 2025
📈SEC Notice on MEMX Options Fee Schedule Rule Change
Self-Regulatory Organizations; MEMX LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Options Fee Schedule Concerning Certain Transaction Rebates
Summary
The SEC issued a notice regarding MEMX LLC's proposed rule change to amend its Options Fee Schedule, aiming to reduce transaction rebates for Non-Penny options that enhance liquidity in the MEMX Options Book. The notice invites comments from stakeholders and outlines the immediate implementation date for the changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice details a proposed rule change involving transaction rebates for options trading which directly impacts trading firms and market participants, affecting their operating costs and profitability. The immediate effectiveness suggests swift compliance is necessary for businesses involved in options trading.