Following a successful fourth test, MEMX Options will host the fifth and final pre-launch production tests on Saturday, September 23, 2023. The following details how clients can participate, registration is not required.
Instrument Directory:
The instrument directory for this weekends test.
Order Entry:
Members will be able to use their Production order entry sessions to test.
Market Data:
Market data will be reported down production lines, which are the same as the pre-production sessions. All 8 Memoir Stripes will be used for the test.
Drop Copy:
Drop copies will be available to Trading firms and Clearing firms. Firms will need to have EFIDs approved for clearing firms to receive drop copies.
Risk Management:
Risk management will be available for testing. Firms wanting to test this functionality must configure the settings during the week before the test via the User Portal.
Allocation Messages:
Allocation messages will be available for testing via MEMO version 1.5.
Suggested Test Cases:
It is recommended that members interact with the exchange as they do on a normal trading day. This may entail sending single orders, bulk quotes, cancelling and replacing orders, sending mass cancellations, utilizing risk management, submitting allocations, receiving drop copies, and receiving Memoir market data, as applicable.
Test Schedule:
| Time (Eastern) | Status |
| 6:30A | Connection Available |
| 9:30A | Orders Accepted |
| 12:00P * | Market Closed for non-ETP based series |
| 12:15P * | Market Closed for ETP based series |
*MEMX may trigger these events earlier which will be dependent on the level of activity.
Future Tests:
Not applicable as MEMX Options plans to launch a handful of live symbols starting Wednesday, September 27, 2023.
Third Parties:
External Test Request with OCC
Firms wanting real time or batch DDS test messages out of the industry testing should contact OCC. OCC External testing requests are initiated by submitting an online form.
The form is available on the OCC Website (www.theocc.com) from the ‘Clearing & Services / Certification Testing Services’ menus or directly from the following link: http://www.theocc.com/clearing/certification-testing/default.jsp
OCC will process trades trades on Monday, September 25, 2023, with a BizDat of September 25, 2023.
FINRA CAT
FINRA CAT will not perform inter-venue linkage for this test as feedback would not be available prior to the planned MEMX Options Production launch.
OPRA
MEMX data will be available over the OPRA production lines under Participant ID “U”.
Our Market Operations and Member Experience teams are here for any of your questions.
MEMX Market Operations
1-833-415-6677
MEMX Member Experience
1-833-415-6369