Federal Register #SR-MEMX-2026-31

MEMX proposal to lower Tape B Volume Tier 2 rebate eligibility threshold

The Securities and Exchange Commission (SEC) published a notice about a proposed MEMX LLC fee-schedule change. - Government agency: Securities and Exchange Commission (SEC). - Company named: MEMX LLC, which proposed the change. - Proposed change: Lower the Tape B Volume Tier 2 rebate eligibility threshold from 0.25% to 0.20% of Tape B total consolidated volume (TCV), excluding Retail Orders. - Rebate: The additive rebate remains $0.0002 per share for qualifying Added Displayed Volume in Tape B securities priced over $1.00 per share. - Status: The change became effective upon filing, and the SEC invited public comments. - Procurement relevance: This is a regulatory notice, not a procurement opportunity; no products or services, quantities, or part numbers are requested.

Description

MEMX LLC proposes to amend its fee schedule by reducing the Tape B Volume Tier 2 eligibility threshold. The proposed change lowers the required Tape B ADAV from 0.25% to 0.20% of Tape B TCV, excluding Retail Orders, while keeping the additive rebate unchanged at $0.0002 per share. The change is intended to encourage Members to maintain or increase order flow, including liquidity-adding orders in Tape B securities. The rule change became effective upon filing, and the SEC is soliciting comments through October 30, 2026.

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