Search Results for keywords:"MEMX"

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Search Results: keywords:"MEMX"

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  • 2025-04412 — In the Matter of the Application of MX2 LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission
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    Type:Notice
    Citation:90 FR 12590
    Reading Time:about 85 minutes

    The Securities and Exchange Commission (SEC) has approved the application of MX2 LLC to become a national securities exchange. MX2 will operate similarly to the existing MEMX exchange but will not list new securities; instead, it will trade existing ones through unlisted trading privileges. The exchange will use automated systems with no physical trading floor and partner with the Financial Industry Regulatory Authority (FINRA) for regulatory functions. Several conditions accompany this approval, including joining specific national market system plans and forming regulatory agreements.

    Simple Explanation

    The SEC has decided that a company called MX2 can set up a place where people can buy and sell stocks, just like a big kid playing store with their toys. But instead of getting new toys, they're using what's already on the shelf, and other grown-ups will help make sure everyone plays fair.

  • 2021-03460 — Self-Regulatory Organizations; Nasdaq BX, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 4759
    Type:Notice
    Citation:86 FR 10604
    Reading Time:about 6 minutes

    Nasdaq BX, Inc. has submitted a proposal to the Securities and Exchange Commission to update Rule 4759, which governs the data feeds the exchange uses for handling and executing orders. The proposed amendment aims to add a direct data feed from MIAX PEARL, LLC and MEMX LLC as the primary sources, while CQS/UQDF will become the secondary source, to ensure data is available even if the primary source fails. This change is intended to improve transparency and efficiency without affecting competition, and comments on the rule can be submitted to the SEC until March 15, 2021.

    Simple Explanation

    Nasdaq wants to use two new helpers, called MIAX PEARL and MEMX, to get important information for doing trades, just like having two friends help with homework in case one is busy. This is meant to make things work better, and people can tell them what they think about this idea until March 15, 2021.