MEMX options fee change takes effect with removal of volume tier 1
MEMX is moving to revise its options pricing as competition among U.S. exchanges remains intense and order flow shifts quickly across venues. The change, set for June 1, 2026, removes Volume Tier 1 from the exchange's Options Fee Schedule while the SEC seeks public comment on the filing.
Highlights
- MEMX LLC will remove Volume Tier 1 from its Options Fee Schedule effective June 1, 2026, per SEC filing published as immediately effective.
- MEMX, with approximately 3.9% U.S. options market share, adjusts fees to maintain competitive pricing amid intense pressure from 18 rival exchanges.
- The SEC invites public comment on the proposal, emphasizing transparency and competition as exchanges use pricing changes to defend market share.
Fee schedule revision and implementation plan
As reported by the Securities and Exchange Commission, MEMX LLC has filed a proposed rule change to eliminate Volume Tier 1 from its Options Fee Schedule, with implementation proposed for June 1, 2026. The filing is published as immediately effective, reflecting the exchange's effort to adjust pricing in a market where fee levels can influence where participants send options orders.MEMX says the amendment is intended to support competitive pricing and a fair allocation of fees among Options Members. The exchange also links the change to broader goals of improving market quality and liquidity in a sector where market share can move rapidly among trading venues.
Competitive pressure across the U.S. options market
The proposal comes as MEMX operates in a highly fragmented U.S. options market that the filing says is dominated by 18 exchanges. With about 3.9% market share, MEMX faces pressure to keep its fee structure attractive as members can redirect order flow to rival venues with relative ease.The SEC notice invites comments from interested parties, underscoring the regulatory focus on transparency and competition in securities markets. The proposed change also highlights how exchanges continue to use pricing adjustments as a tool to defend or build market position in the options business.
Our earlier coverage of the May U.S. jobs report highlighted a 172,000 gain in nonfarm payrolls, underscoring continued labor-market resilience. We also noted how the data fed into a broader debate over policy settings—regulation, economic freedom, and workforce development—and what those conditions could mean for longer-term U.S. competitiveness.
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