MEMX Next-Generation Options Exchange Platform Overview

This document is a technical report detailing the development and implementation of MEMX's next-generation Options Exchange platform, launched in September 2023. Founded in 2019, MEMX aims to enhance trading experiences for its customers by providing a more deterministic, cost-effective, and transparent trading environment. The report outlines the challenges faced by MEMX, including the need for an ultra-low latency platform that could scale with increasing trading volumes while maintaining power efficiency. To address these challenges, MEMX selected Supermicro's SuperBlade systems, which feature advanced cooling technology and high-performance processors. The report describes the specifications of the SuperBlade systems, including their dense configuration and integrated networking capabilities. Additionally, it highlights the benefits achieved through this implementation, such as improved performance, reduced latency, and increased reliability for trading activities. The document emphasizes MEMX's commitment to providing efficient trading solutions in the financial services industry.