New Gateway: Members Exchange (MEMX) + Updates

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October 28, 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 1

Added displayed volume

-0.0028 (before -0.0032)

-30BP

MEMX

52

Added non-displayed volume, Midpoint Peg

-0.0025 (before

-0.0020)

Free

MEMX

51

Added non-displayed volume

-0.0020

Free

MEMX

2

Removed volume from MEMX Book

0.0028 (before

0.0029)

30BP

MEMX

3

Routed to another market, removed liquidity

0.0030

30BP

blank The last Fees update was for Liquidity Flags 2 [October 29, 2021].blank

Regards,

Communications Team


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

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