NEW YORK--()--MEMX, a technology-driven exchange operator founded by members to benefit all investors, today announced it has received regulatory approval for its second exchange medallion, MX2. This milestone marks a significant step in the company’s continued commitment to providing innovative trading solutions to all market participants.

As a result of this approval, MEMX now has rules in place to govern trading on a second equities exchange. MEMX is actively working with market participants to determine the optimal launch date for MX2 Equities and will announce exact timing at a future date. Additionally, MEMX intends to submit a rule filing to govern trading options utilizing a pro-rata model. This filing will support the expansion of MEMX exchange operations and the build out of the MX2 Options platform, which is targeted to launch in the first half of 2026.

"We are thrilled to receive approval for MX2, which reinforces our vision of advancing the development of our exchanges to advocate for the ever-changing needs of our market participants,” said MEMX CEO Jonathan Kellner. “At a time when the options market is experiencing unprecedented investor engagement, this second medallion is emblematic of MEMX’s desire to provide exchange solutions to all options participants.”

MX2 Options will offer participants the ability to access the unique features of a pro-rata exchange model while benefiting from the advanced technology used in MEMX’s current price/time equity and options exchanges. A pro-rata exchange rounds out MEMX’s options offering and reinforces the firm’s commitment to serving the diverse needs of the trading community.

About MEMX:

MEMX is a technology-driven exchange operator providing its members and the global investment community with a simpler, less costly, and more transparent way to access liquidity. The firm currently owns and operates two exchanges trading U.S. equities and U.S. options. MEMX also provides exchange technology solutions to clients. Founded in 2019 by a diverse group of financial firms, MEMX’s mission is to create healthy competition and advocate for market structure reform that results in more efficient and sensible trading experiences for all investors. To learn more visit: www.MEMX.com