Type:Notice
Citation:90 FR 12424
Reading Time:about 3 minutes
MEMX LLC, a self-regulatory organization, has proposed a change to its Options Fee Schedule. This change would decrease the rebate for certain transactions that add liquidity in Non-Penny options by customers on their platform. The proposal was filed with the Securities and Exchange Commission (SEC) and is expected to take immediate effect on March 3, 2025. The SEC invites the public to comment on this proposal by April 7, 2025, through their website or by email.
Simple Explanation
MEMX LLC wants to change the way they give money back to people who help keep their marketplace busy by trading special options, but they haven't explained why or how it will help anyone.