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Memx Market Data Agreement

MEMber`s Order Information Record (MEMber`s Order Information Record), which includes Depth, Top of Book and Last Sale, as well as historical versions, will be available via a simple and accurate subscription model, with basic delivery mechanisms. Participants can use these products via a streaming protocol and using modern cloud APIs. Subject to dry authorization, we intend to launch our trade in mid-2020. If you are interested in getting more details about everything that is covered in this article, we recommend you read our full submission or feel free to contact in case of questions. We will begin this quarter with customer connectivity testing. If you are interested in participating, please register on our website to be informed. Memx was founded in early 2019 by a group of nine banks, financial services providers, market macres and retail brokers: BofA Securities, Charles Schwab Corporation, Citadel LLC, E-Trade, Fidelity Investments, Morgan Stanley, TD Ameritrade, UBS and Virtu Financial. [1] Since its inception, MEMX has also received investments from nine other financial services companies, including BlackRock,[2] Citigroup,[3] J.P. Morgan, Goldman Sachs,[4] Wells Fargo,[5] and Jane Street. [6] MEMX was created to provide a more cost-effective and transparent exchange platform that listens to the end user. [7] MEMX operates a manufacturer-taker model (supply/royalty rebate for cash removal). Our pricing plan is also FIX 5.0 allows us to indicate a common data pattern for our MEMO input protocol and to use this diagram for the SBE and FIX versions of MEMO. This makes it easier to migrate from FIX to a binary if companies want to.

If your platform currently meets FIX 4.2, you can use our schematics, rearrange your application logic, and then bolt your FIX 5 engine of your choice for transportation. “FIXT” is the label used to identify separate session layer specifications and identify the version of the fixed session used. Yes, market data can be used by other companies as exchange members or before trading. Participants will have electronic access to the exchange with Classic FIX (ASCII Tag/Value) and/or a native binary protocol called MEMO (MEMbers Orders).

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