ION, the trading and workflow automation software vendor, has connected to the FMX Futures Exchange, which opened on 23 September 2024. With this integration, clients can now access and trade on the new US interest rate futures exchange through ION’s suite of execution and post-trade products. The FMX Futures Exchange, backed by major investment banks and BGC Group, offers a state-of-the-art trading system with significant capital savings through LCH’s cross-margin capabilities.
ION’s technology supports the full lifecycle of cleared derivatives trading on FMX, spanning front-, middle-, and back-office operations. This seamless connection enables banks and brokers using ION’s platforms to offer enhanced execution and clearing services from the first day of the Exchange’s operations.
Robert Allen, President of FMX Futures Exchange, commented: “The combination of the FMX Futures Exchange with LCH will provide clients with choice, innovative execution technology, and potentially significant cross-margin capabilities.”
Francesco Margini, Chief Product Officer for Cleared Derivates, ION Markets, added: “We are always very pleased to support new major exchange initiatives. The joint effort with FMX Futures Exchange demonstrates once again the effectiveness of ION’s front-to-back product strategy: the powerful combination of modern, integrated solutions across execution and clearing removes the technical barriers often hindering market readiness and participation.”
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