MEMX Stock Exchange (abbr. от Members Exchange) new competitor to NYSE, NASDAQ ?!

Major Wall Street Firms Agree To Launch A New Exchange To Compete With Nasdaq And NYSE On Monday, 7 January, consortium, bringing together some of the largest investment companies in the United States, announced plans to launch a new stock exchange. The site with the assumed name MEMX (abbr. от Members Exchange) should become a competitor of the famous Nasdaq and NYSE, offering more favorable trading conditions.