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MEMX Unveils Market Data Pricing

MEMX, a market operator founded by a diverse group of participants to benefit all investors, announced new proposed pricing for the exchange’s real-time equities market data, pending filing with the Securities and Exchange Commission. After rapidly growing to over 4% market share in its first 16 months of operation, MEMX is now a meaningful source of price discovery for US equities and will be the first stock exchange to make real-time market data available to both professional and non-professional customers at the same low price of $.01. In addition to providing “top of book” and “last sale” market data to streaming data providers for only one penny per user, MEMX announced a simplified fee schedule for a variety of other market data products that are significantly less expensive than other equities exchange operators. To see the entire proposed MEMX market data fees, visit https://info.memxtrading.com MEMX in its first year of operation grew to be the largest independent exchange with the sixth largest market share of the sixteen U.S. equity exchanges. The exchange commenced trading on September 21, 2020. Since January 2021, MEMX’s market share has grown 19% on average month over month. The exchange trades more than 7,500 symbols and continuously quotes at the best market prices in thousands of securities throughout much of the day.

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