New Gateway: Members Exchange (MEMX) + Updates

December 31, 2021

Dear Manager,

We are glad to announce that effective Wednesday, September 23, 2020, we are be able to offer access to the Members Exchange (MEMX) gateway on the US markets.

Members Exchange is a national securities exchange that is owned by nine retail broker-dealers, financial services firms, and market makers. It was started in January 2019 with the goal of introducing new competition to the US stock market space, challenging the NYSE, Nasdaq, and Cboe Global Markets on lower fees.

Traders can select Gateway MEMX to access this new exchange. Its trading fees are as follows:

Gateway

Liquidity Flags

Description

Overdollar Fee

Subdollar Fee

MEMX

53 or 54 or 1

Added displayed volume

-0.0027 (before -0.0028)

-30BP

MEMX

52

Added non-displayed volume, Midpoint Peg (Sub Dollar)

-0.0025 (before

-0.0020)

0

MEMX

51

Added non-displayed volume (sub dollar)

-0.0020

0

MEMX

2

Removed volume from MEMX Book (Sub Dollar)

0.0028 (before

0.0029)

25 BP

MEMX

3

Routed to another market, removed liquidity

0.0030

30BP

The last Fees update was for liquidityflags 3 or 54 or 1  [March 31, 2022].

Regards,

Communications Team


*Remember to visit our PPro8 Wiki and Knowledge Base to learn more.

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