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:
53 or 54 or 1
Added displayed volume
-0.0026 (before -0.0024)
-10BP (before -5BP)
Added non-displayed volume, Midpoint Peg (Sub Dollar)
Added non-displayed volume (sub dollar)
Removed volume from MEMX Book (Sub Dollar)
Routed to another market, removed liquidity
The last Fees update was Added displayed volume (Sub Dollar) [July 29, 2022].
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