03.14.2025

MEMX Receives Regulatory Approval for Second Exchange

03.14.2025
MEMX Receives Regulatory Approval for Second Exchange

MEMX, a technology-driven exchange operator founded by members to benefit all investors, announced it has received regulatory approval for its second exchange medallion, MX2. This milestone marks a significant step in the company’s continued commitment to providing innovative trading solutions to all market participants.

As a result of this approval, MEMX now has rules in place to govern trading on a second equities exchange. MEMX is actively working with market participants to determine the optimal launch date for MX2 Equities and will announce exact timing at a future date. Additionally, MEMX intends to submit a rule filing to govern trading options utilizing a pro-rata model. This filing will support the expansion of MEMX exchange operations and the build out of the MX2 Options platform, which is targeted to launch in the first half of 2026.

“We are thrilled to receive approval for MX2, which reinforces our vision of advancing the development of our exchanges to advocate for the ever-changing needs of our market participants,” said MEMX CEO Jonathan Kellner. “At a time when the options market is experiencing unprecedented investor engagement, this second medallion is emblematic of MEMX’s desire to provide exchange solutions to all options participants.”

MX2 Options will offer participants the ability to access the unique features of a pro-rata exchange model while benefiting from the advanced technology used in MEMX’s current price/time equity and options exchanges.  A pro-rata exchange rounds out MEMX’s options offering and reinforces the firm’s commitment to serving the diverse needs of the trading community.

Source: MEMX

Related articles

  1. The group’s U.S. exchanges achieved record cash equities volumes.

  2. Buy Side Responds to Esma on Clearing Swaps

    The first publication of the calculation results is expected for 9 October 2025.

  3. The group will maintain global derivatives and Cboe Data Vantage in Japan.

  4. BIS Warns on Fixed-Income Liquidity

    SEC "should resist self-serving requests for broad exemptions from longstanding securities regulations."

  5. SEC Tightens Clock-Sync Mandate

    Schwab launched broad access to expanded overnight trading in February.