Memx data fees tackle professional vs. non-professional audit risk
The exchange delivers on its promise to reduce the cost of exchange data, but subscribers still face an administrative cost burden associated with the lower user fees.
The Members Exchange (Memx) finally announced last week that it will begin charging fees for its market data in April this year. The low monthly per-user fees (along with higher, enterprise-wide fees) live up to the exchange’s promise to deliver lower fees for data than the rest of the industry, but also serve a serious purpose in reducing the compliance burden faced by firms designating whether end users should be classed as professionals or non-professionals.
Memx will charge $0.01 per user
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