🏛️MEMX Proposes Nominating Committee Membership Changes
The Securities and Exchange Commission published a notice from MEMX LLC regarding a proposed rule change to amend its Limited Liability Company Agreement. The update aims to modify membership requirements for the Nominating Committee, allowing more flexibility in candidate selection while aligning governance structures with those of its affiliate, MX2 LLC.
Learn More📝SEC Notice
The SEC published a notice of a proposed rule change by MEMX LLC to amend Rule 13.4(a) to reflect the name change of NYSE Chicago, Inc. to NYSE Texas, Inc. This update aims to maintain clarity in the handling and execution of orders utilizing specific data feeds, enhancing transparency for market participants.
Learn More💹MEMX Proposes Non-Display Add Tier 3 Fee Schedule Changes
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.
Learn More💵MEMX Proposes Extension of Options Regulatory Fee Until December 2025
MEMX LLC has filed a proposal to extend the Options Regulatory Fee (ORF) until December 31, 2025, allowing for continued recovery of regulatory costs. This decision follows ongoing discussions regarding alternative ORF models among market participants, highlighting the necessity for a uniform approach to regulatory fees across U.S. options exchanges.
Learn More💹MEMX Announces Supplemental Warrants Program to Boost Options Trading
The Securities and Exchange Commission has published a notice regarding MEMX LLC's filing for a Supplemental Warrants Program aimed at enhancing participation in its options market. This program is designed to supplement existing equity rights, providing traders with warrants that vest based on increased trading volumes, thereby encouraging liquidity and market participation.
Learn More📈MEMX Announces New Tape C Quoting Tier for Equities Trading
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.
Learn More📈MEMX Proposes Rule Change for $1 Strike Price Options Trading
The Securities and Exchange Commission has published a notice regarding MEMX LLC's proposed rule change to amend Rule 19.5, aligning its $1 Strike Price Program with other national securities exchanges. This harmonization aims to reduce confusion in the options market, enhancing trading efficiency and compliance across exchanges. Comments from interested parties are invited.
Learn More📈SEC Notice on MEMX Options Fee Schedule Rule Change
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.
Learn More⏰MEMX Extends Pre-Market Trading Hours to 4 AM Eastern Time
The SEC has announced the immediate effectiveness of a proposed rule change by MEMX LLC to begin the Exchange's pre-market session at 4 a.m. ET, shifting from the previous start time of 7 a.m. This alignment with other exchanges aims to enhance trading accessibility. Interested parties are invited to comment on the proposal.
Learn More💰MEMX Proposes New Fee Schedule for Tape A Securities Trading
The Securities and Exchange Commission announces MEMX LLC's proposal to amend its fee schedule by introducing a new Tape A Quoting Tier. This tier will provide rebates for trades that add displayed liquidity in Tape A securities priced at $1.00 or above, aiming to enhance trading activity and member engagement.
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