The exchange has received more than $65 million in its latest investment round.
Members Exchange (MEMX), a new equities exchange that is set to rival the New York Stock Exchange (NYSE), Nasdaq, and Cboe Global Markets, has secured strategic financing from a number of heavyweights, such as BlackRock, closing its latest investment round with more than $65 million raised.
Those participating in the funding round was BlackRock, Wells Fargo, Flow Traders, Manikay Partners, and Williams Trading, a statement published on Tuesday said. As part of the transaction, BlackRock has assumed a seat on MEMX’s Board.
Following the closure of this funding round, more than $135 million has been invested in the rival exchange. As Finance Magnates reported, the previous investors in MEMX were J.P. Morgan, Goldman Sachs, and Jane Street.
Commenting on the latest cash injection, Jonathan Kellner, CEO of Members Exchange, said in the statement: “We are excited to welcome these five new investors to MEMX and further broaden our diverse consortium. Our mandate to build a market for all investors and further the market-structure debate on behalf of all participants is reinforced by BlackRock joining the board.”
“I thank the entire MEMX team for their diligence and dedication. Receiving these major financial commitments in this challenging environment is another sign that our hard work is paying off and that the MEMX mission remains as important as ever,” he said.
MEMX investor group expands
The MEMX project is headed by several broker-dealers, banks, and high-frequency trading firms. After this latest investment round, the investor group now includes TD Ameritrade, BofA Securities, BlackRock, Charles Schwab, Citadel Securities, E*Trade, Fidelity Investments, Flow Traders, Goldman Sachs, J.P. Morgan, Jane Street, Manikay Partners, Morgan Stanley, UBS, Virtu Financial, Wells Fargo, and Williams Trading.
"BlackRock has long been an advocate for market structure enhancements that increase transparency and efficiency,” Hubert De Jesus, Global Head of Market Structure and Electronic Trading at BlackRock added in the statement. “We look forward to engaging with the MEMX community to drive innovation in the marketplace that benefits our clients and end-investors.”
Members Exchange (MEMX), a new equities exchange that is set to rival the New York Stock Exchange (NYSE), Nasdaq, and Cboe Global Markets, has secured strategic financing from a number of heavyweights, such as BlackRock, closing its latest investment round with more than $65 million raised.
Those participating in the funding round was BlackRock, Wells Fargo, Flow Traders, Manikay Partners, and Williams Trading, a statement published on Tuesday said. As part of the transaction, BlackRock has assumed a seat on MEMX’s Board.
Following the closure of this funding round, more than $135 million has been invested in the rival exchange. As Finance Magnates reported, the previous investors in MEMX were J.P. Morgan, Goldman Sachs, and Jane Street.
Commenting on the latest cash injection, Jonathan Kellner, CEO of Members Exchange, said in the statement: “We are excited to welcome these five new investors to MEMX and further broaden our diverse consortium. Our mandate to build a market for all investors and further the market-structure debate on behalf of all participants is reinforced by BlackRock joining the board.”
“I thank the entire MEMX team for their diligence and dedication. Receiving these major financial commitments in this challenging environment is another sign that our hard work is paying off and that the MEMX mission remains as important as ever,” he said.
MEMX investor group expands
The MEMX project is headed by several broker-dealers, banks, and high-frequency trading firms. After this latest investment round, the investor group now includes TD Ameritrade, BofA Securities, BlackRock, Charles Schwab, Citadel Securities, E*Trade, Fidelity Investments, Flow Traders, Goldman Sachs, J.P. Morgan, Jane Street, Manikay Partners, Morgan Stanley, UBS, Virtu Financial, Wells Fargo, and Williams Trading.
"BlackRock has long been an advocate for market structure enhancements that increase transparency and efficiency,” Hubert De Jesus, Global Head of Market Structure and Electronic Trading at BlackRock added in the statement. “We look forward to engaging with the MEMX community to drive innovation in the marketplace that benefits our clients and end-investors.”
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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