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Based in London, Mellor's hire marks a pivotal step in MEMX's international expansion
US-based exchange operator MEMX has appointed David Mellor as Head of Global Market Technology Sales, signalling an acceleration of the firm's international growth ambitions.
Mellor, who will be based in London, joins after four years at the London Stock Exchange Group (LSEG) where he most recently led the technology transformation of its FX business. He previously headed growth across EMEA and Asia regions for LSEG.
MEMX, which describes itself as a "technology-driven exchange operator founded by members to benefit all investors," launched in 2019 and currently operates two exchanges trading US equities and options. The company expanded into providing exchange technology solutions in 2022.
Jonathan Kellner, CEO, MEMX
MEMX CEO Jonathan Kellner said: "Since launching MEMX Technologies, we are proud to have partnered with multiple US platforms who have seen their volumes increase and experienced enhanced levels of performance as a direct result of our technology. As global markets continue to evolve, we are excited at the prospect of forming business relationships with international exchanges and providing MEMX's proven, resilient technology to new trading participants."
Kellner added that Mellor's "deep expertise and proven track record in exchange technology will be instrumental in solidifying our foothold globally and helping ensure we continue to provide innovative solutions to investors."
The new appointment comes as MEMX looks to build on its established US operations by expanding into European and Asian markets.
David Mellor, MEMX;s new Head of Global Market Technology Sales, commented, "With MEMX's strong commitment to innovation and market tested solutions, we are well positioned to meet the evolving needs of global market participants," said Mellor. "I am thrilled to join a team that has created such cutting-edge industry-leading technology and look forward to further establishing MEMX as a leader in the international exchange space."
Founded by a consortium of financial firms, MEMX has positioned itself as a challenger to established exchanges by offering what it describes as "a simpler, less costly, and more transparent way to access liquidity.
