MEMX to Launch Options Exchange

MEMX announced it will launch a 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 adopt a price-time model and is targeting a Q4 launch, pending SEC approval. “We are excited to build upon our successful track record of delivering value to market participants. MEMX Options will use technological advancements to increase determinism, reduce costs and drive competitive improvements for our options members, just as we did in equities. As the only exchange founded to represent the needs of market participants, expanding into a new asset class allows us to provide meaningful benefits to an even broader range of investors,” said CEO Jonathan Kellner. Since launching in the fall of 2020, MEMX has grown to over 4% market share and has become a significant source for liquidity in U.S cash equities.