FMX FCM Cost Recovery Program

FMX intends to offer an FCM Cost Recovery Program (the “Program”) to a maximum of five (5) eligible applicant FCMs. These FCMs will be selected to participate in the Program to recover a portion of their costs associated with onboarding to FMX as an FMX Participant and becoming a Clearing Member.

Criteria for eligibility include:

  1. You must be an FCM;
  2. You must satisfy all eligibility requirements set forth in the Rules of the Exchange as of the date you are onboarded as an FMX Participant;
  3. You must not be an active FMX Participant under any existing contract or agreement;
  4. You must attest to your ability to be onboarded as an FMX Participant by the FMX Deadline Date;
  5. You must complete and submit the FCM Cost Recovery Program Indication of Interest (“IOI”) form, which can be found on https://www.fmxfutures.com/announcements/FCRP, including attestations regarding reasonable expectation to complete onboarding to FMX and LCH Limited to offer clearing services, and to fund any default fund requirements by the FMX Deadline Date;
  6. This executed Agreement must be returned within ten (10) business days of the submission of the IOI form;
  7. You (or an affiliated entity) must not be an investor, owner, or equity holder of FMX Holdings, LLC (f/k/a Fenics Markets Xchange, LLC) (the indirect owner of FMX); and
  8.  You must not be BGC Group, Inc., Cantor Fitzgerald, L.P., or any affiliate of BGC Group, Inc., Cantor Fitzgerald, L.P., or FMX Holdings, LLC.

Application Process:

Step 1    Complete and Return the FCM Cost Recovery Program Indication of Interest Form and submit the form to [email protected]
Click here to download the IOI  please see attached to be updated when clicking this url

Step 2    ​Contact [email protected] to request the FCM Cost Recovery Program Agreement (which must be Executed and Returned no later than 10 business days after the submission of the IOI form) and the FCM Cost Recovery Program Template. 

Disclaimers:

  1. The FCM Cost Recovery Program is subject to the applicable Commodity Futures Trading Commission (“CFTC”) review period. Participation in the Program is contingent upon receiving the necessary regulatory certification the CFTC, and any aspects of the Program may be modified or suspended in accordance with such certification. By participating, you acknowledge and agree that all activities within the Program are contingent upon compliance with applicable regulations and certification with the CFTC.
  2. Any capitalized terms not defined herein shall have the meanings ascribed to them in the FCM Cost Recovery Program Agreement.