FMX FUTURES EXCHANGE WILL LEVERAGE THE SOPHISTICATED TRADING PROTOCOLS AND LONGSTANDING RELATIONSHIPS WITH BANKS AND LIQUIDITY PROVIDERS OF OUR FENICS PLATFORM
FMX Futures Exchange will be a stand-alone futures exchange for interest rate derivatives. We provide necessary resiliency to a market historically served by a single venue. Our sophisticated trading protocols will enable cash, futures, and repo to trade through a unified platform. Our clearing agreement with LCH will enable swap vs. futures margin benefits which unlock added capacity while showing tighter bid/ask spreads to reduce hedging costs and bolster liquidity.
FMX FUTURES EXCHANGE WILL OFFER THE FOLLOWING PRODUCTS
US TREASURY FUTURES
Standardized contracts for the purchase and sale of US government bonds for delivery at set future dates. US Treasuries are the most liquid and secure of any government securities market.
SECURED OVERNIGHT FINANCING RATE (SOFR) FUTURES
SOFR is a broad measure of the cost of borrowing cash overnight collateralized by US Treasuries. Our SOFR futures will enable clients to manage exposure to short-term rates by using this secured benchmark alternative to LIBOR.