BGC Group and ten investment banks and market-making firms announced FMX Futures Exchange has launched US Treasury (UST) futures contracts, initially 2-year and 5-year contracts.
The Exchange launched with SOFR futures in September 2024. The addition of UST futures on the platform adds an important capability for global institutional trading clients, which includes banks, investment firms, and market participants.
FMX expects to provide clients with significant capital savings through its clearing partnership with LCH Limited, an approved Derivatives Clearing Organization under the Commodity Futures Trading Commission (CFTC) and one of the largest clearinghouses for interest rate swaps in the world.
FMX Futures Exchange is a part of FMX Holdings, which includes a cash UST marketplace and Foreign Exchange platform.