# Federal Register #SR-MEMX-2026-32

SEC notice on MEMX LLC’s proposed Options Fee Schedule changes

**Buyer:** Securities and Exchange Commission
**Posted:** October 09, 2026
**Respond By:** October 30, 2026
**Identifier:** SR-MEMX-2026-32

The SEC notice concerns a proposed change to MEMX LLC’s Options Fee Schedule, not a government purchase.
- Government agency: Securities and Exchange Commission (SEC); no purchasing sub-agency or office is identified.
- Named organization: MEMX LLC, the self-regulatory organization proposing the change. No OEMs, resellers, or suppliers are identified.
- Proposed fee-schedule change:
  - Rename the existing Options Fee Schedule Volume Tier to the “Customer (contra Non-Customer) Volume Tier.”
  - Provide the enhanced $0.53-per-contract rebate for qualifying Customer-capacity executions that add liquidity in Penny options when the contra-party is a Non-Customer.
  - Apply the $0.49-per-contract base rebate to Customer-to-Customer executions.
  - Keep the existing qualification threshold unchanged: average daily added Customer volume in Penny and Non-Penny options must equal or exceed 1.2% of total consolidated equity and ETF options volume. Qualifying Added Customer Penny and Non-Penny Volume continues to count toward the threshold.
- Procurement status: No products or services, quantities, or contract value are requested; the notice seeks public comments on a proposed market-rule change.

### Description

MEMX LLC filed a proposed rule change to amend its Options Fee Schedule by renaming the existing Volume Tier the Customer (contra Non-Customer) Volume Tier. The change limits the enhanced rebate of $0.53 per contract to qualifying Customer-capacity executions that add liquidity in Penny options when the contra-party is a Non-Customer; Customer-to-Customer executions receive the base rebate of $0.49 per contract. The existing volume criteria for qualifying remain unchanged, and all specified Added Customer Penny and Non-Penny Volume continues to count toward those criteria. The notice invites comments on the proposed rule change by October 30, 2026.

[View original listing](https://www.federalregister.gov/documents/2026/10/09/2026-20707/self-regulatory-organizations-memx-llc-notice-of-filing-and-immediate-effectiveness-of-a-proposed)