Search Results for keywords:"MEMX Technologies"

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Search Results: keywords:"MEMX Technologies"

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  • 2025-06563 — In the Matter of the Application of Green Impact Exchange, LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission
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    Type:Notice
    Citation:90 FR 16207
    Reading Time:about 102 minutes

    The Securities and Exchange Commission (SEC) has granted Green Impact Exchange, LLC (GIX) approval to register as a national securities exchange. GIX will be responsible for its trading system's regulations and oversight, although some regulatory functions will be outsourced to the Financial Industry Regulatory Authority (FINRA) through a regulatory services agreement. The exchange will operate as an electronic trading platform without a physical trading floor, and its corporate governance and ownership structures align with industry standards to maintain independence and meet SEC requirements. Additionally, GIX plans to utilize technology provided by MEMX Technologies to facilitate trading operations while ensuring compliance with federal securities laws.

    Simple Explanation

    The SEC said it's okay for a new place called Green Impact Exchange to start trading stocks online, a bit like how kids swap toys, but with grown-up rules. They'll have robots (computers) to do the trading without needing a real-life store, and they'll follow special rules to make sure everything is fair.

  • 2024-28551 — In the Matter of the Application of 24X National Exchange LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission
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    Type:Notice
    Citation:89 FR 97092
    Reading Time:about 3 hours

    The Securities and Exchange Commission has approved the application of 24X National Exchange LLC to register as a national securities exchange. 24X plans to operate an automated trading platform for trading listed stocks during extended hours, including overnight sessions on weekdays. The exchange will be supported by technology from MEMX Technologies and will use FINRA for certain regulatory functions. To protect investors, 24X must join several national market system plans and implement enhancements like customer risk disclosures before commencing operations.

    Simple Explanation

    The Securities and Exchange Commission has said yes to a new stock market called 24X that will let people trade stocks at night, like an all-night shop. But, they need to make sure it's safe for everyone and double-check their plans so nothing goes wrong.