• MEMX

  Participated · Equity · May 2020

  MEMX is a technology-driven exchange operator that currently operates a U.S. equities exchange and provides exchange technology and services to clients. Founded in 2019 and launched in the fall of 2020, MEMX has grown to become the largest independent U.S. equities exchange and a significant source of liquidity in cash equities. The firm supplies exchange technology and services to clients including EDX Markets and Dream Exchange. MEMX was created to represent the needs of market participants and to advocate for market structure reform that produces more efficient trading experiences. The company plans to expand into options and will launch a U.S. options exchange in 2023, targeting an August launch for MEMX Options. MEMX recently raised strategic capital to support that launch and to bring additional options-market expertise to its member-aligned model. Founded in 2019 and based in New York, Members Exchange is a customer-centric market operator created by industry members to benefit all investors. MEMX intends to offer a new option to investors via a simpler trading platform with features designed to benefit both retail and institutional participants. The company emphasizes fairness, transparency, and efficiency and aims to further the market-structure debate and drive marketplace innovation. MEMX positions itself as an alternative market operator that will promote a more efficient experience for end-investors. On the financial side, MEMX has raised more than $65 million in its latest strategic financing and reports that total invested since inception now exceeds $135 million. Members Exchange (MEMX) is a market operator founded in 2019 by nine members of the global financial community to build a customer-centric U.S. equity exchange. MEMX is developing a new trading venue that aims to increase transparency, reduce fees, and prioritize technological innovation for retail and institutional investors. The company plans to begin onboarding trading members in late July 2020 and to go live as a U.S. equity exchange on July 24, 2020, providing testing and certification timelines to ensure diverse liquidity at launch. MEMX says it will offer a simpler platform and features designed to benefit both retail and institutional participants. The firm closed an additional strategic round of funding led by J.P. Morgan, Goldman Sachs, and Jane Street; the announcement did not disclose the amount. Broadhaven Capital Partners served as MEMX’s exclusive financial advisor on the transaction.

No current team members are available.