BGC Group, Inc. has launched the FMX Futures Exchange in collaboration with ten leading investment banks and market-making firms. The new exchange, which is now live, offers trading of SOFR futures, the largest notional futures contract globally. Plans are in place to introduce U.S. treasury futures by Q1 2025.
The FMX Futures Exchange aims to deliver significant capital savings to its clients through its clearing partnership with LCH Limited, enabling cross-margining of eligible U.S. interest rate futures. LCH is one of the largest clearers of interest rate swaps (IRS) in the world with $225 billion secured in IRS collateral.
The FMX Futures Exchange is part of FMX Holdings, LLC, which also operates a fast-growing U.S. treasuries marketplace and a spot Foreign Exchange platform. Leading financial institutions, including Bank of America, Goldman Sachs, and J.P. Morgan, are equity partners in FMX Holdings.
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