MEMX, a market operator founded by a diverse group of participants to benefit all investors, has proposed new pricing for the exchange’s real-time stock market data, pending filing with the Securities and Exchange Commission. announced.
MEMX rapidly grew to over 4% market share in its first 16 months of operation and is now the leading source of price discovery for US stocks, providing real-time access to both experts and non-experts. will be the first stock exchange to make market data available. Professional customers also benefit from the same low price of $0.01.
“Our new pricing structure is an example of how we are working to improve the exchange experience for all participants,” said CEO Jonathan Kellner. “By introducing a single low price for both professional and non-professional consumers, we will democratize access to market data and improve the way we classify investors and how stock exchange data is used.” We want to minimize friction for retail brokers.”
Kellner further added, “MEMX is committed to providing our members with ongoing transparency regarding the costs associated with manufacturing replacement products and services. Our proposed fee schedule provides investors with M Gives you the opportunity to compare and contrast EMX’s fees with other trading venues. We are excited to deliver significant savings to the industry in the form of significantly lower market data fees due to MEMX’s operational efficiencies. , is just one of the ways MEMX is creating positive change for investors through competition with incumbent exchanges.”
In addition to offering streaming data providers “Top of Book” and “Last Sale” market data for as little as a penny per user, MEMX offers a variety of other services that are significantly cheaper than other stock exchanges. Announced simplified pricing schedules for market data products. operator. To see the entire MEMX market data pricing proposal, please visit https://info.memxtrading.com.
In its first year of operation, MEMX has grown to become the largest independent exchange with market share, ranking 6th out of 16 stock exchanges in the United States. The exchange began trading on September 21, 2020. Since January 2021, MEMX’s market share has increased by an average of 19% month-on-month. The exchange trades over 7,500 securities and continuously provides the best market prices for thousands of securities throughout most of the day.
Source: MEMX
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