2025-04181NoticeWallet

MEMX Slashes Rebates for Non-Penny Options Trades Effective Now

Published Date: 3/17/2025

Notice

Summary

MEMX is cutting the rebate it pays customers who add trades in Non-Penny options starting March 3, 2025. This change affects traders using MEMX’s options platform and means they’ll get a bit less money back for certain trades. The goal? Keep things fair and balanced in the trading game.

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Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

MEMX cuts non‑penny options rebate

MEMX will reduce the transaction rebate it pays to customers who add liquidity in Non‑Penny options. This change applies to executions made in the Customer capacity on the MEMX options platform and takes effect on March 3, 2025. If you trade Non‑Penny options on MEMX as a customer who adds liquidity, you will receive a smaller rebate for those trades starting that date.

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Key Dates

Effective Date
Published Date
3/3/2025
3/17/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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