MEMX, a market operator founded by a diverse group of participants for the benefit of all investors, today announced a new pricing proposal for the exchange’s real-time equity market data, pending filing with the Securities and Exchange Commission. After rapidly growing to more than 4% market share in its first 16 months of operation, MEMX is now a significant source of price discovery for U.S. stocks and will be the first exchange to put market data online. real time available to professionals and non-professionals. professional customers at the same low price of $0.01.

“Our new fee schedule is an example of how we are working to improve the trading experience for all participants,” said CEO Jonathan Kellner. “By introducing a low price for professional and non-professional consumers, we hope to democratize access to our market data and minimize friction for retail brokers associated with the categorization of investors and how they use market data. .”

Kellner continued, “MEMX is committed to providing our members with ongoing transparency about the costs associated with producing our exchange products and services. Our proposed fee schedule gives investors the ability to compare and contrast MEMX fees with other trading platforms. We are delighted that MEMX’s operational efficiencies allow us to pass significant savings on to the industry in the form of significantly lower market data fees. This is just one of the ways MEMX creates positive change for investors through competition with incumbent exchanges.

In addition to providing “top of book” and “last sale” market data to streaming data providers for just a penny per user, MEMX announced a simplified fee schedule for a variety of other market data products. which are significantly cheaper than other stock exchanges. the operators. To see the entire MEMX market data fee offered, please visit https://info.memxtrading.com

MEMX in its first year of operation became the largest independent stock exchange with the sixth largest market share of the sixteen US stock exchanges. The exchange began trading on September 21, 2020. Since January 2021, MEMX’s market share has increased by an average of 19% month over month. The exchange trades over 7,500 symbols and continuously quotes the best market prices for thousands of securities for much of the day.

About MEMX:

Founded in 2019 by various members of the global financial community, Members Exchange is an innovative, client-centric market operator focused on creating and promoting a fair, transparent and efficient experience for all investors. MEMX offers a new option for investors, with a simpler platform and functionality for the benefit of retail and institutional investors. For more information on MEMX, please visit www.memx.com and follow @memxtrading.

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