NEW YORK--(BUSINESS WIRE)--MEMX, a technology-driven exchange operator founded by members to benefit all investors, today announced the successful launch of its options exchange. MEMX Options was created to extend the proven success of MEMX's equities exchange and member-aligned market model to the options community. MEMX Options leverages the strength of MEMX’s data-centric exchange architecture and state-of-the-art infrastructure, while providing traders with both passive and active risk management capabilities.
Jonathan Kellner, CEO of MEMX, said, “I am proud and grateful to announce the launch of MEMX Options just three years after we started trading equities. This is a significant step for MEMX, and I appreciate the team’s dedication and effort in achieving this milestone.”
“The successful launch of an exchange requires the support of our trading, clearing, and exchange colleagues, and we are thankful for the partnership we have received throughout the many months leading up to our options launch,” continued Kellner. “As a member-aligned exchange, MEMX is committed to being a positive change agent for the entire US options investment community just as we have sought to be in US equities.”
MEMX Options launched exchange operations with three symbols: Starbucks (SBUX), ImmunoGen Inc. (IMGN), and SPDR Gold Trust (GLD). All remaining multi-list, non-index products will be rolled out in future phases of the exchange rollout.
About MEMX:
MEMX is a technology-driven exchange operator providing its members and the global investment community with a simpler, less costly, and more transparent way to access liquidity. The firm currently owns and operates two exchanges trading U.S. equities and U.S. options. MEMX also provides exchange technology and services to clients, including EDX Markets and Dream Exchange. Founded in 2019 by a diverse group of financial firms, MEMX’s mission is to create healthy competition and advocate for market structure reform that results in more efficient and sensible trading experiences for all investors.
