Ten banks invest $172M in BGC's FMX at $667M valuation; FMX Futures to launch Sept 2024

BGC Group, Inc.

Ten banks/market makers invest $172M for 25.75% ownership of FMX, post-money valuation $667M.
FMX Futures (CFTC approved Jan 2024) to launch Sept 2024 trading SOFR & U.S. Treasury futures.
FMX UST cash Treasury platform reached 28% market share in Q1 2024, up from 26% in Q4 2023.
Partners may earn additional 10.3% equity upon achieving FMX trading volume targets.
FMX partners with LCH for portfolio margining, aiming to compete with CME's interest rate complex.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.