Revolutionizing the Interest Rate Futures Market: FMX Futures Exchange Set to Launch

In a groundbreaking move, BGC Group, Inc. (Nasdaq: BGC) and 10 of the world's leading investment banks and market-making firms have announced the highly anticipated launch of the FMX Futures Exchange ("FMX"). This new exchange, set to debut on September 23, 2024, will revolutionize the trading of U.S. interest rate futures, the most widely traded futures contracts globally.

Unlocking Unprecedented Opportunities in the Interest Rate Futures Market

Pioneering a New Era in Interest Rate Futures Trading

The launch of FMX Futures Exchange marks a significant milestone in the financial industry. By providing a dedicated platform for U.S. interest rate futures, FMX aims to offer clients unparalleled access, efficiency, and cost savings. The exchange will initially focus on SOFR futures, with plans to expand into U.S. Treasury futures in the first quarter of 2025, further solidifying its position as a comprehensive solution for interest rate futures trading.FMX's strategic partnership with LCH Limited, a leading CFTC-approved Derivatives Clearing Organization, is a key differentiator. By leveraging LCH's extensive experience and $225 billion in interest rate swap collateral, FMX clients can expect significant capital savings through cross-margining eligible U.S. interest rate futures. This innovative approach promises to redefine the landscape of interest rate futures trading, providing market participants with unparalleled efficiency and cost-effectiveness.

Driving Liquidity and Transparency in the Interest Rate Futures Market

The launch of FMX Futures Exchange is poised to have a transformative impact on the interest rate futures market. By bringing together the expertise and resources of BGC Group and 10 of the world's premier investment banks and market-making firms, FMX is set to become a hub of liquidity and transparency.The diverse ownership structure, which includes industry heavyweights such as Bank of America, Barclays, Citadel Securities, Citi, Goldman Sachs, J.P. Morgan, Jump Trading Group, Morgan Stanley, Tower Research Capital, and Wells Fargo, ensures that FMX will benefit from the collective knowledge, networks, and market-making capabilities of these industry leaders. This collaborative approach is designed to foster a highly liquid and efficient trading environment, catering to the diverse needs of a wide range of market participants.

Expanding the Ecosystem: FMX as Part of the BGC Group

FMX Futures Exchange is a part of the broader FMX Holdings LLC, which includes the world's fastest-growing cash U.S. Treasuries marketplace and a rapidly expanding spot Foreign Exchange platform. This integrated ecosystem, under the umbrella of BGC Group, Inc., positions FMX as a comprehensive solution for clients seeking to navigate the complex and interconnected world of fixed income, foreign exchange, and related asset classes.By leveraging the expertise and resources of the BGC Group, FMX Futures Exchange can offer clients a seamless and integrated trading experience, providing access to a diverse range of products and services. This holistic approach empowers market participants to optimize their trading strategies, manage risk, and capitalize on opportunities across multiple asset classes, all within a single, trusted platform.

Embracing the Future of Interest Rate Futures Trading

The launch of FMX Futures Exchange represents a transformative moment in the interest rate futures market. By combining cutting-edge technology, strategic partnerships, and the collective expertise of industry leaders, FMX is poised to redefine the way market participants engage with U.S. interest rate futures.As the exchange goes live on September 23, 2024, it will offer clients a unique opportunity to access a highly liquid, transparent, and cost-effective trading environment. With the ability to cross-margin eligible U.S. interest rate futures with LCH's extensive interest rate swap collateral, FMX promises to deliver significant capital savings and operational efficiencies.This innovative exchange is not just a game-changer for the interest rate futures market; it is a testament to the industry's commitment to driving progress, fostering collaboration, and empowering market participants to navigate the evolving financial landscape with confidence and success.