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MEMX, a technology-driven exchange operator, has appointed Ishaan Acharya as its new Chief Financial Officer, based in New York. Acharya’s extensive financial expertise will drive the company’s strategic growth as it expands its U.S. equities and options trading platforms.
Ishaan Acharya appointed as MEMX Chief Financial Officer, based in New York.
Previously Head of Financial Strategy at Hudson River Trading for seven years.
Brings experience from J.P. Morgan and Goldman Sachs in financial services.
Will oversee accounting, budgeting, forecasting, and strategic planning.
MEMX aims to enhance liquidity access and market transparency.
Appointment supports MEMX’s rapid growth and competitive mission.
Ishaan Acharya joins MEMX with a robust background in financial services, having served as Head of Financial Strategy at Hudson River Trading LLC, where he built and led the firm’s global treasury and financial strategy functions. His prior roles include investment banking at J.P. Morgan, advising on M&A and capital markets, and investment management at Goldman Sachs. “We are excited to add Ishaan’s deep financial acumen to our leadership team,” said MEMX CEO Jonathan Kellner. “Ishaan’s significant expertise in fast-paced, high-performance environments will be valuable as we evaluate how best to capitalize on the success of our businesses.”
Acharya’s appointment comes at a pivotal time for MEMX, which has seen rapid growth, including a 3% options market share and 6.1% in regular electronic options trading by September 2024. “MEMX is at an exciting inflection point. The company’s rapid growth and strong financial position creates unique opportunities,” said Acharya. He will oversee financial operations, including accounting, budgeting, and strategic planning, to support MEMX’s mission of increasing competition and transparency in equity and options trading.
Founded in 2019 by major financial institutions like Bank of America, Charles Schwab, and Citadel Securities, MEMX operates U.S. equities and options exchanges, emphasizing cost efficiency and transparency. The company has raised over $135 million and serves over 50 members, recently receiving SEC approval for its second exchange, MX2. Acharya’s leadership will further enhance MEMX’s offerings, including its technology partnerships with firms like Blue Ocean Technologies.
Acharya’s financial expertise positions MEMX to capitalize on its growth trajectory, strengthening its role as a competitive, member-driven exchange platform.
MEMX is a technology-driven exchange operator providing its members and the global investment community with a simpler, less costly, and more transparent way to access liquidity. The firm currently owns and operates two exchanges trading U.S. equities and U.S. options. MEMX also provides exchange technology solutions to clients. Founded in 2019 by a diverse group of financial firms, MEMX’s mission is to create healthy competition and advocate for market structure reform that results in more efficient and sensible trading experiences for all investors.
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