Type:Notice
Citation:86 FR 9963
Reading Time:about 27 minutes
MEMX LLC has proposed changes to its fee schedule, which were filed with the Securities and Exchange Commission (SEC). The changes include increasing rebates for certain orders that add liquidity and increasing fees for orders that remove liquidity. The aim is to attract more orders to the MEMX exchange by offering competitive pricing. This proposal is publicly available for comments, allowing interested parties to share their views on the changes.
Simple Explanation
MEMX, a stock exchange, wants to change its fees to make it more attractive for people to use by offering bigger "thank you" rewards when someone helps by making transactions easier for others, but charging more when people take away chances for others to trade.