AN INTEGRATED TRADING AND CLEARING SOLUTION
Fenics Markets Xchange (“FMX”) combines the Company’s leading Fenics Rates and FX platforms with our new FMX Futures Exchange. FMX will deliver an integrated trading solution, utilizing state-of-the-art Fenics trading technology and global infrastructure designed for speed and scalability. FMX Futures Exchange has partnered with LCH, a leading global clearing house holding the world’s largest Interest Rate Swap clearing pool.
Together, FMX will offer a fully electronic cash U.S Treasury and futures platform while providing market participants significant clearing and cross margin efficiencies.
FULLY ELECTRONIC MARKETPLACE
FMX Futures Exchange will deliver a sophisticated central limit order book, matching all limit orders based on price and time priority, while providing deep liquidity, real-time execution, price discovery and anonymity.
Enhanced protocols will bring a high quality CLOB through our unique technology, allowing for a lower total transaction cost. FMX Futures Exchange will carry over many of the differentiating factors from our cash treasury platform in order to help lower prices and provide a better user experience for those trading interest rate derivatives.
FMX Futures Exchange’s ultra-low latency platform will bring a lightning-fast matching engine to the futures space. All execution is binding and fully anonymous with no last look. Connection options include direct connectivity, co-location (co-lo) and Point-of-Presence (POP). With our cash and futures matching engines located side-by-side, latency will be brought to a minimum.
Bringing the power of our Fenics platforms under the FMX umbrella, we can deliver an ecosystem that is designed to provide a reduced latency for risk intake and risk exhaust, cash vs futures basis execution, and an evolution of technological connectivity between repo, off-the-runs, and futures.