Federal Register #SR-MEMX-2026-09

SEC Notice: MEMX LLC Proposed Amendments to Equities Transaction Fee Schedule

This notice announces a proposed rule change by MEMX LLC, published by the Securities and Exchange Commission (SEC), regarding amendments to the MEMX equities transaction fee schedule. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or commercial vendors are involved, as this is a regulatory action, not a procurement. - Products/Services Requested: - No products or services are being procured; the notice pertains to regulatory fee schedule changes. - Key Rule Changes: - Liquidity Provision Tier 4: Criteria updated to require a higher average daily added volume (ADAV) and expanded order types. - Retail Sub-Dollar Liquidity Removal Tier: New tier introduced, offering reduced fees for retail orders in securities priced below $1.00 per share, contingent on meeting volume requirements. - Notable Requirements: - The amendments are designed to incentivize liquidity provision and enhance market quality on MEMX. - The notice is open for public comment, with instructions for submitting feedback to the SEC.

Description

The Securities and Exchange Commission (SEC) published a notice regarding a proposed rule change filed by MEMX LLC to amend its fee schedule related to equities transaction pricing. The amendments include modifying the criteria for Liquidity Provision Tier 4 and adopting a new Retail Sub-Dollar Liquidity Removal Tier, which offers reduced fees for certain retail orders in securities priced below $1.00. The changes aim to incentivize liquidity provision and enhance market quality on the exchange. The proposal is effective immediately and open for public comment until May 4, 2026.

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