Exchange Highlights

Record Retail Volume on MEMX; SpaceX Activity in Equities and Options

Jul 14, 2026

Record Retail Volume on MEMX; SpaceX Activity in Equities and Options

Highlights & Recent Developments

  • MEMX Equities hit new total and retail share volume records
  • MEMX total volume rose 40% year-over-year to 566 million daily shares
  • MEMX retail volume increased 61% year-over-year to 260 million daily shares and retail accounted for 46% of total volume
  • SPCX was the sixth most active retail stock on MEMX, accounting for 3.5% of retail notional
  • Extended hours trading of 23x5 planned for SIPs and equity exchanges on December 6, 2026
  • MX2 Options will launch September 14, 2026. Market participants are encouraged to establish connectivity
  • Industry option volume (excluding indexes) hit a new high of 73.8 million contracts per day, up 50% year-over-year
  • MEMX Options market share in SPCX was 20.4% of regular electronic volume due to strong quote performance

Equities Exchange Highlights

MEMX hit new records for total share volume and retail share volume. MEMX total volume rose 40% year-over-year to 566 million daily shares. MEMX retail volume increased 61% year-over-year to 260 million daily shares and retail accounted for 46% of total volume. MEMX market share was 2.42% in June.

SpaceX (SPCX) began trading on June 12. From June 12 to the end of the month, SPCX was the sixth most active retail stock on MEMX with $1.676 billion traded accounting for 3.5% of retail notional.

Additionally, several leveraged SpaceX ETFs traded $192 million in retail volume on MEMX. The most active 2x bull ETF was SPCH by Themes and most active 2x bear was SPXS by REX Shares.

SPCX joins the Nasdaq 100 index on July 7 and Russell 1000 index on July 29. Both indexes utilize a float-adjusted market cap weighting model, so SPCX will make up less than 1% of these indices. S&P Dow Jones Indices did not fast track SPCX, so it will not be eligible for the S&P 500 until at least mid-2027, as it must first clear the standard 12-month seasoning period and be profitable for four consecutive quarters.

Options Exchange Highlights

MX2 Options will launch September 14, 2026. Market participants are encouraged to:

  • Establish physical connectivity
  • Request order entry, risk, and drop copy ports:
    • Membership applications must be submitted to receive ports
  • Complete the Market Data Order form and submit request
  • Establish MEMX Portal user access for MX2 Options
    • Firms IDs via mops@memx.com
    • Reflected in portal as of June 15, 2026

Industry option volume hit a new record in June driven in part by activity in zero-day options (0DTEs) in single stocks and new SPCX options. Industry option volume (excluding indexes) increased 50% year-over-year to 73.8 million contracts per day.

SPCX options began trading on June 16. It began trading with no short-term options, no Monday or Wednesday expirations and no penny increments.

MEMX regular-electronic market share in SPCX options was 20.4% due to strong quoting and liquidity removal. MEMX ranked #1 among 18 exchanges in quote performance in SPCX.