FMX Futures Exchange received CFTC approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX. FMX combines Fenics' leading U.S. Treasury and FX businesses with a state-of-the-art U.S. interest rates futures platform. FMX’s clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral in the world, uniquely positions FMX to compete and reshape the U.S. interest rate market. Read the announcement here: https://ow.ly/f0w750QtmE8
Congrats to the entire team!
Interesting indeed. the Fenics/BGC part is very very interesting.
What clearers (FCMs) are day 1 ready for clients to trade?
Excited to see how this develops! Good luck
Head trader and trainer at EDUCATE2TRADE
10moget that open interest up and be a challenge