MEMX Gains SEC Approval to Trade Options

MEMX, a market operator founded by a diverse group of participants, announced that the Securities and Exchange Commission has approved MEMX’s rule filing to launch a platform for trading listed options. The U.S. options exchange, MEMX Options, will leverage the strengths of MEMX’s data-centric exchange architecture and state-of-the-art infrastructure. The exchange will use a price time-model and is expected to launch in early 2023. Since launching in the fall of 2020, MEMX has quickly grown to become a large independent U.S. equities exchange and a significant source for liquidity in cash equities. MEMX was founded to represent the needs of market participants and expanding into a new asset class will allow MEMX to provide meaningful benefits to a broader range of investors. MEMX has proposed a series of equity market structure proposals, such as round lot and tick size reform.