MEMX completes MX2 Options rollout as exchange scales options trading
MEMX Group has finished the phased rollout of MX2 Options after launching the platform with 10 symbols on September 14 and expanding to full symbol coverage by September 30. The completion marks a new step in the company's options business as it builds liquidity and trading activity across more than 3,600 option symbols.
Highlights
- MEMX completed the MX2 Options rollout on September 30, expanding from 10 symbols on September 14 to all symbols live in two weeks.
- From September 14–30, MX2 executed 446,956 trades in over 1.65 million contracts across 1,285 symbols, with more than $871 million notional traded.
- On September 30, MX2 secured 0.43% total market share and 0.76% of regular electronic trading, marking early participation gains in U.S. options.
Rollout timeline and early trading activity
As reported by MEMX, MX2 Options began trading with an initial 10 symbols on September 14, 2026, and the exchange added capacity over the following two weeks until all symbols were live on September 30.Since launch, the platform has added 10 dedicated Lead Market Makers providing continuous liquidity across more than 3,600 option symbols. From September 14 through September 30, MX2 executed 446,956 trades in more than 1.65 million contracts across 1,285 symbols, including more than $871 million in notional traded.
On September 30, MX2 recorded 0.43% of total market share and 0.76% of regular electronic trading, indicating early participation gains as the exchange broadens its footprint in the U.S. options market.
Technology model and market positioning
Jonathan Kellner, chief executive of MEMX Group, says completing the MX2 Options rollout is an important milestone for the company and reflects support from members and the wider options community. He says the group's next focus is to build on early trading activity and deepen liquidity across the exchange.MX2 is built on MEMX Group's existing technology infrastructure and expands the firm's options offering through a customer priority, pro-rata allocation model that uses a size-based approach to order execution. MEMX says the exchange is designed to give market participants another route to access and provide liquidity while keeping a trading experience familiar to existing members.
Our earlier article on options-based income strategies explained how covered calls and cash-secured puts are drawing renewed attention as investors look to generate premium income amid choppy markets. It also highlighted the key trade-offs—assignment risk, opportunity costs, and added complexity—showing why execution and liquidity conditions matter when using options tactically.