MEMX, a technology-driven exchange operator founded by members to benefit all investors, 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.

Source: MEMX

OCC Welcomes MEMX Options

OCC, the world’s largest equity derivatives clearing organization, announced that MEMX LLC has become an OCC participant exchange. MEMX LLC began operating its options trading facility, MEMX Options, on September 27, 2023, bringing the total number of OCC’s participant exchanges and trading platforms to 20.

“OCC congratulates MEMX on the successful launch of its options exchange,” said Andrej Bolkovic, OCC Chief Executive Officer. “As the central counterparty clearinghouse for all listed options in the U.S., we are pleased to support the continued growth of the exchange-traded options industry and provide clearing and settlement services to our newest participant exchange. We look forward to working with MEMX in the future and promoting operational efficiency and innovation for all market participants.”

“We are proud to extend MEMX’s proven success and member-aligned market model to the options community with the launch MEMX Options,” said Jonathan Kellner, MEMX Chief Executive Officer.” We greatly appreciate the support and cooperation we have received in launching MEMX Options and look forward to driving positive change for options investors through increased competition and technological innovation.”

Source: OCC