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Looks like MEMX has passed IEX in volume traded today. However as
@MarketPlumber points out, notional value tells a different story. (IEX at 3.33% vs MEMX .34% per CBOE data)https://twitter.com/HideNotSlide/status/1334113607831924738 …
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Someone correct me if im wrong, but from a revenue perspective I believe shares traded matters more than notional.
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You’re not wrong! I was just noting that volume isn’t everything
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Exchange fees and rebates for sub-dollar trades are generally based on notional, not shares traded.pic.twitter.com/gjTzaDA1Dh
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