MEMX Updates Trading Fees Starting July 2026
Published Date: 7/14/2026
Notice
Summary
MEMX is updating its fee schedule starting July 1, 2026. They’re removing an old rule, raising fees for certain retail orders under $1, and cutting out a specific liquidity removal fee. These changes mainly affect traders and members using the exchange, tweaking costs and rules to keep things fair and clear.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Higher Fee on Sub‑Dollar Retail Removes
The Exchange proposes to raise the reduced fee for executions of retail orders in securities priced below $1.00 that remove liquidity from 0.125% to 0.18% of the trade's total dollar value for Members who qualify for the Retail Sub‑Dollar Liquidity Removal Tier. To qualify for that tier a Member must have an ADAV in securities priced below $1.00 per share equal to or greater than 20,000,000 shares. The Exchange proposes to implement these changes on Junly 1, 2026.
Tape A Removal Tier Eliminated
The Exchange proposes to eliminate the Tape A Liquidity Removal Tier 1, which currently charges a discounted fee of $0.0029 per share for executions that remove liquidity in Tape A securities when a Member achieves a Tape A ADAV of at least 10,000,000 shares. After elimination, the discounted Tier 1 incentive would no longer be available to any Member. The Exchange proposes to implement this change on Junly 1, 2026.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-14106 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule for Its Complex Order Book Data Feed
Cboe Exchange is updating the fees for its Complex Order Book Data Feed, especially changing the Retail Broker Waiver Program based on customer feedback. This means brokers using this data feed might see new fee rules starting right away. The goal is to keep things fair and clear for everyone using Cboe’s data services.
2026-14104 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Remove the Silexx Logical Port Fee Waiver in the Fee Schedule in Accordance With SEC Exemptive Relief Issued
Starting July 1, 2026, Cboe Exchange is ending the free ride on the Silexx logical port fee—meaning traders will now pay this fee like usual. This change affects anyone using these ports to connect and could add a bit to their costs. The update is official and effective immediately, so no more fee waivers from now on!
Previous / Next Documents
Previous: 2026-14099 — National Vaccine Injury Compensation Program; List of Petitions Received
The National Vaccine Injury Compensation Program just shared a list of new petitions from people claiming vaccine-related injuries. If you or a loved one got hurt by certain childhood vaccines, you can ask for compensation through a special court process. This update helps keep things clear and fair, with no changes to money or deadlines right now.
Next: 2026-14101 — Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Quarterly Review of Priority Customer Orders
MIAX PEARL is updating how it reviews Priority Customer Orders every quarter to make sure orders are marked correctly. This change affects traders who place lots of orders and helps keep the market fair and clear. The new rules kicked in right away with no extra costs or delays.