THE FMX FUTURES SOLUTION
Fenics Markets Xchange (“FMX”) combines the market leading Fenics UST and FX platforms with the new FMX Futures Exchange. FMX will provide fully electronic trading in cash Treasuries, foreign exchange and interest rate futures. FMX uses state-of-the-art Fenics trading technology and leverages a global infrastructure designed for speed and scalability.
FMX Futures Exchange will offer US Treasury and SOFR futures, challenging the status quo and providing market participants with a competitive alternative for their trading activity. By creating a new liquidity pool in the world’s most actively traded futures contracts, the FMX Exchange will deliver additional capacity and crucial resiliency to the marketplace. In close partnership with its users, the Exchange will be developing innovative solutions for an enhanced customer experience and trading opportunities, such as extremely low latency cash vs. futures basis trading.
FMX Futures Exchange has established a clearing agreement with LCH, which holds the largest pool of cleared interest rate swaps in the world, and we anticipate participants on the FMX Futures Exchange to experience material clearing and cross-margin efficiencies.
Clearing Agreement with LCH
Margin, funding, and capital efficiency within a single CCP
Deep-Rooted Relationships with Significant Liquidity Providers
Established longstanding partnerships with significant liquidity providers across multiple asset classes
Focused on the Interest Rate Complex
The largest futures markets in the world – offering a product suite of Treasury and SOFR Futures
Impressive History of Creating Electronic Marketplaces
An impressive history of creating electronic marketplaces – eSpeed(1), Fenics UST, Fenics FX, and Fenics MidFX
Established Ecosystem
FMX Futures Exchange will be part of the USD rates complex of FMX, leveraging our longstanding relationships with liquidity providers and enabling the trading of Futures vs. cash products on a single platform
Superior Technology and Protocols
FMX Futures Exchange platform will utilize state of the art technology with fast execution times and proven differentiating protocols
Proven Track Record of Taking Market Share from Incumbents
Talent, technology, and experience in place to replicate the success seen across the FMX businesses