Federal Register #SR-MEMX-2026-24

MEMX LLC Rule Change: Amendment to Exchange Fee Schedule Criteria

This notice concerns a proposed rule change by MEMX LLC, published by the Securities and Exchange Commission (SEC), to amend the MEMX Exchange fee schedule. - Government buyer: - Securities and Exchange Commission (SEC) - MEMX LLC (as the exchange operator submitting the rule change) - OEM/vendor mentioned: - MEMX LLC - Products/services requested: - No products or services are being procured - No part numbers or quantities listed - Notable requirements and details: - The rule change modifies the criteria for qualifying under the Retail Sub-Dollar Liquidity Removal Tier 1 - Introduces an alternative qualification based on Retail Order ADAV (Average Daily Added Volume) and Step-Up Retail Order ADAV thresholds - Aims to incentivize additional order flow and enhance liquidity on the MEMX Exchange - No procurement activity or purchase request is involved - Competitive market context: - The notice discusses competitive market dynamics and rationale for fee schedule changes, but does not request goods or services

Description

MEMX LLC filed a proposed rule change with the Securities and Exchange Commission to amend the Exchange's fee schedule applicable to Members. The amendment modifies the required criteria under the Retail Sub-Dollar Liquidity Removal Tier 1, adding an alternative qualification criterion involving Retail Order ADAV and Step-Up Retail Order ADAV thresholds. The changes aim to incentivize additional order flow and enhance liquidity on the Exchange. The proposal is effective immediately and is intended to maintain competitive pricing and market quality.

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