The following updates pertain to the MEMX Options exchange launch.
Schedule Updates:
1. Pre-Production Environment :
- Monday, June 12, 2023: Port requests, order entry, order cancel, execution, and drop copy functionality, along with market data
- Login and market data details provided upon request by emailing mops@memx.com
2. MEMX Options Development Environment (MODE):
- Monday, August 21, 2023: All functionality
3. User Acceptance Tests:
- Saturday, August 19, 2023
- Saturday, August 26, 2023
- Saturday, September 9, 2023
4. Production Phased Launch:
- Wednesday, September 13, 2023: Initial symbol tranche
- Wednesday, September 20, 2023: Second symbol tranche
- Wednesday, September 27, 2023: Remaining symbols
Specification Updates:
Version 1.1 of MEMO FIX, MEMX FIX Drop, MEMO SBE, MEMO Risk Control, MEMOIR Common, MEMOIR TOP, MEMOIR Depth, Connectivity, and SBE Schema specifications are available for download at: https://www.memxtrading.com/
Market participants are encouraged to:
- Establish new physical connectivity now with connect@memx.com or verify existing connectivity with mops@memx.com
- Complete MEMX Options Exchange Membership Documents
- Establish MEMX Customer Portal access:
- Select MEMX Market Operations
- Select MEMX Portal Access
Additional Information:
- Market model: Price/Time
- Fee model: Maker/Taker (fees to be announced at a later date)
- Functionality: Regular orders only (no complex or crossing orders)
- MEMX Options Rulebook (SEC-approved)
- Exchange codes
MEMX Market Operations
1-833-415-6677
MEMX Member Experience
1-833-415-6369