MEMX
Operates electronic trading platforms for equities and listed options.
Company facts
- Founded
- 2019
- Employees
- 130
- Headquarters
- United States
- CEO
- Jonathan Kellner
- Type
- Private
- Funding
- Series A · $135M · 2023
- Subsidiaries
- MEMX Options, MEMX LLC
About
At the heart of Members Exchange (MEMX) is a mission to transform the equities and options trading landscape. Founded in 2019 by a diverse consortium of leading financial firms, MEMX was established with the core belief that markets should operate with greater transparency, increased competition, and reduced complexity. The company's culture is deeply rooted in innovation and a commitment to serving the interests of all market participants, from retail investors to large institutions. MEMX strives to be a force for positive change, challenging the status quo of existing exchange models by offering a simpler, more cost-effective, and efficient trading experience. This is achieved through a technology-driven approach, leveraging state-of-the-art infrastructure and a data-centric architecture to ensure fair and equal access to liquidity. MEMX's values are centered on member alignment, meaning the exchange is built and operated with the needs of its users at the forefront. This philosophy extends to its approach to market structure reform, where MEMX actively advocates for changes that benefit the broader investment community. The team at MEMX is composed of experienced industry professionals dedicated to continuous improvement and the development of innovative solutions. By fostering a collaborative environment, MEMX aims to not only provide a superior trading platform but also to contribute to a healthier and more sensible overall market ecosystem. The company's commitment to transparency is evident in its straightforward fee structures and its efforts to simplify order types and market data distribution, ultimately empowering investors with a clearer and more accessible trading environment.