FMX FUTURES EXCHANGE LEVERAGES THE SOPHISTICATED TRADING PROTOCOLS AND LONGSTANDING RELATIONSHIPS WITH BANKS AND LIQUIDITY PROVIDERS OF OUR FENICS PLATFORM
FMX Futures Exchange is 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 enable cash, futures, and repo to trade through a unified platform. Our clearing agreement with LCH enables swap vs. futures margin benefits which unlocks added capacity while showing tighter bid/ask spreads to reduce hedging costs and bolster liquidity.
FMX FUTURES EXCHANGE OFFERS 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 enable clients to manage exposure to short-term rates by using this secured benchmark alternative to LIBOR.
A cash-settled futures contract on a notional 3M deposit based on ICE LIBOR. This unsecured, polled rate will be replaced by SOFR by the end of 2023, but legacy LIBOR risk exposures, in particular, still create demand for the Futures product.