MEMX Launches US Options Exchange

MEMX, the member’s exchange, has launched its platform for trading listed options following approval from the US Securities and Exchange Commission in August last year.  Named MEMX Options, the new exchange was built to extend the firm’s remit following the success of its equities exchange and member-aligned market model to the options community. MEMX Options will leverage MEMX’s data-centric exchange architecture and infrastructure, offering traders passive and active risk management capabilities. Since launching in 2020, MEMX has grown to over 4% market share. MEMX Options has launched phase one of its operation with three symbols including Starbucks (SBUX), ImmunoGen Inc. (IMGN) and SPDR Gold Trust (GLD), with additional multi-list, non-index products expected to be rolled out soon.