FCM Early Adopter Program

FCM EARLY ADOPTER PROGRAM

FMX Futures Exchange, LP (“FMX”) is making available an early adopter cost recovery program (“Program”) for five early adopter US-based FCMs who agree to the terms of the Program, can meet the below criteria to support the initial launch of FMX, and are accepted into the Program.

Criteria for eligibility include:

  • FCM must have the ability to offer execution services to customers on FMX and clearing services at LCH Limited (“LCH”) by FMX’s intended launch date, which date may be modified by FMX at any time upon notice;
  • FCM (or an affiliated FCM) must currently be or previously been a clearing member of LCH’s SwapClear or Listed Rates service within the past 5 years;
  • Completion and submission of the Early Adopter Program Indication of Interest (“IOI”) form, which can be found on this website, by April 5, 2024, including attestations regarding reasonable expectation to complete onboarding to FMX and LCH and to fund any required default fund requirements at LCH by FMX’s intended launch date, which date may be modified by FMX at any time upon notice;
  • Completion and submission of the Early Adopter Costs Template form, which can be found on this website, including a reasonable estimate of itemized expected costs associated with onboarding to FMX and LCH by FMX’s intended launch date. The Early Adopter Costs Template must be submitted to FMX by April 12, 2024;
  • The executed Early Adopter Program Agreement, which can be found on this website, must be returned by April 12, 2024; and
  • FCM (or an affiliated entity) must not be or intend to be an investor, owner, or equity holder of Fenics Markets Xchange, LLC (the indirect owner of FMX).

Process for Submission of Indication of Interest:

Step 1    Complete and Return the Early Adopter Program Indication of Interest Form with Attestations by April 5, 2024
Click here to download the IOI

Step 2    ​Complete and Return the Early Adopter Costs Template by April 12, 2024 
Click here to download the Early Adopter Costs Template

Step 3    ​Return Executed Early Adopter Program Agreement by April 12, 2024  
Click here to download the Early Adopter Program Agreement

Please Note: Any delay in return of the Early Adopter Program Agreement or the Early Adopter Costs Template beyond April 12, 2024 may result in exclusion from the Program.