2026-00515Notice

MEMX Raises Routing Fees for All Options Orders Starting January 2026

Published Date: 1/14/2026

Notice

Summary

MEMX is raising the fees it charges members when they send options orders to other exchanges for execution. This change affects all options orders, whether they’re part of the Penny Interval program or not, and kicks in starting January 1, 2026. If you trade options through MEMX, expect a slight bump in routing costs from the new year onward.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 2 costs, 0 mixed.

Penny Options Routing Fee Rise

If you send Penny-interval options orders through MEMX and they are routed to another exchange for execution, the routing fee increases from $0.60 per contract to $1.20 per contract effective January 1, 2026.

Non‑Penny Options Routing Fee Increase

If you send Non‑Penny options orders through MEMX and they are routed to another exchange for execution, the routing fee increases from $1.20 per contract to $1.63 per contract effective January 1, 2026.

Ways to Avoid MEMX Routing Fees

MEMX says routing services are optional and members can avoid routing fees by using alternative routing providers or by marking orders as 'Book Only' or 'Post Only' to prevent routing to away markets.

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Key Dates

Effective Date
Published Date
1/1/2026
1/14/2026

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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