The startup operates an equity exchange platform that enhances operational transparency and fosters competition in equity trading. By reducing fixed costs, the platform enables investors and traders to execute equity transactions efficiently and securely.
Funding
$135M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing equity exchange platforms can lack transparency and impose high fixed costs, potentially hindering efficient and secure equity transactions for investors and traders. This can lead to reduced competition and less favorable trading experiences.
Solution
MEMX operates U.S. equities and options exchanges designed to promote fairness, transparency, and efficiency in the market. By offering a simpler platform with fewer order types and investing in advanced technology, MEMX aims to reduce costs and complexity for both retail and institutional investors. The exchange provides fast and efficient execution, lower pricing on market data, connectivity, and transaction fees. MEMX also offers its market technology as a customizable SaaS platform, enabling other organizations to quickly establish their own exchanges or alternative trading systems (ATS).
Target Audience
MEMX primarily serves retail and institutional investors, broker-dealers, financial services firms, and market makers seeking a more efficient and transparent equity trading experience. Additionally, MEMX targets organizations looking to launch their own exchanges or ATSs using its market technology platform.
Features
- U.S. Equities Exchange (maker/taker) trading over 7,500 symbols daily with broad retail participation across Tape A, B, and C
- U.S. Options Exchange (maker/taker) consistently ranking among the top options exchanges for quoting and trading
- A limited number of order types to promote simple and transparent interactions
- Investments in the best and latest technology to deliver fast and efficient execution
- Lower pricing on market data, connectivity, and transaction fees
- Customizable exchange platform offered as a SaaS solution
- Connectivity and protocol specifications available for download