BGC Group's FMX Futures Exchange receives CFTC approval for U.S. Treasury and SOFR futures

BGC Group, Inc.

CFTC approved FMX Futures Exchange on January 22, 2024, to operate an exchange for UST and SOFR futures.
CEO Howard Lutnick says FMX will compete with CME's U.S. interest rate complex, the most valuable futures market.
Fenics UST cash Treasury platform reached 25% market share in Q3 2023, up from 18% a year earlier.
FMX has a clearing agreement with LCH SwapClear for cross-margin efficiencies.

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