OCC expands clearing services to MEMX's MX2 options exchange

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OCC expands clearing to MX2

Highlights

OCC will provide central counterparty clearing and settlement services for MEMX Group's new MX2 Options exchange, expanding their existing partnership.
MX2 leverages MEMX's technology and infrastructure, enabling streamlined onboarding and supporting MEMX's strategy to grow its options business and product flexibility.
The addition of MX2 gives OCC clearing members access to a more diversified set of U.S. listed derivatives markets while strengthening OCC's market position.

MX2 onboarding expands OCC-MEMX relationship

As reported by OCC, the clearinghouse will provide central counterparty clearing and settlement services for MX2 Options, a new options exchange from MEMX Group. The addition extends OCC's existing clearing relationship with MEMX to a second exchange within the MEMX family.

OCC says MX2 is built on MEMX's existing technology and connectivity infrastructure, allowing the exchange to come online through a streamlined onboarding process. Andrej Bolkovic, chief executive officer of OCC, says the expansion fits the type of growth the organization is designed to support and continues the clearing and risk management standards participants use across its markets.

Geralyn Endo, head of options at MEMX Group, says the MX2 launch expands the company's options business and supports its push to increase competition with more flexible products for market participants. She also says OCC's support and operational expertise help bring the new exchange to market.

Broader market access for U.S. listed derivatives

For clearing members, the addition of MX2 increases the number of accessible markets cleared through a single central counterparty. That structure gives participants a broader and more diversified set of trading venues under OCC's clearing framework.

The expansion also reinforces OCC's position in U.S. listed derivatives clearing as exchanges add new venues while relying on established post-trade infrastructure. In operational terms, the MX2 launch highlights OCC's effort to scale its clearing platform as existing exchange groups expand their market footprint.

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