Ten global investment banks and market making firms join BGC in the creation of FMX to launch premier U.S. Treasury and U.S. Interest Rate Futures trading marketplace
FMX closes transaction with strategic investors at a
"We have brought together ten of the most important global investment banks and market making firms to create a premier trading venue for the interest rate markets," said
FMX Futures, which received CFTC approval in January, is expected to launch in
"With support from these leading financial firms, we believe FMX will become a rapidly growing futures platform and create important efficiencies for our shared clients," said
"LCH is excited to partner with FMX to deliver product innovation and margin savings, which will enhance the competitiveness of
"FMX's unique protocols provide a fresh competitive edge across rates, FX, and futures markets," said
"FMX is going to drive innovation and competition across the rates, FX and futures markets," said
Please find additional details about the FMX transaction at www.ir.bgcg.com. BGC will also provide additional information about the FMX transaction on its first quarter 2024 earnings call, scheduled for
About
BGC and leading global investment banks and market making firms have partnered to create FMX, part of the
For more information about BGC, please visit www.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's
MEDIA CONTACTS:
erica.chase@cantor.com
+1 212-610-2419
Barclays
sofia.rehman@barclays.com
Citi
Rekha.JogiaSoni@citi.com
INVESTOR CONTACT:
+1 212-610-2426
1 Central Limit Order Book (CLOB) is a mechanism financial exchanges use to facilitate trading between buyers and sellers in financial markets. Source: Coalition Greenwich.
2 Source: Clarus.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ten-global-investment-banks-and-market-making-firms-join-bgc-in-the-creation-of-fmx-to-launch-premier-us-treasury-and-us-interest-rate-futures-trading-marketplace-302127462.html
SOURCE