Nasdaq, IEX declare self-help against MEMX

Monday, 12. October 2020 15:43

The Nasdaq Stock Market and the Investors Exchange (IEX) declared self-help against the Members Exchange (MEMX) on Monday, the exchanges announced.

Exchanges issue self-help alerts if another exchange has internal issues related to processing trades.

MEMX, a new exchange founded by large investors including Goldman Sachs, UBS, Fidelity Investments and BlackRock, launched on September 21. On the first day of trading, the exchange included seven symbols, among which were Alphabet and ExxonMobil. On September 29, 12 more symbols were added.

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Breaking the News / VP