B
BGC Group’s FMX Futures Exchange Set to Reshape the U.S. Interest Rate Market
The BGC Group, a global brokerage and financial technology group, has made a interesting announcement that could significantly alter the landscape of U.S. Treasury and SOFR futures trading. Its FMX Futures Exchange has recently received the green light from the U.S. Commodity Futures Trading Commission (CFTC) to operate an exchange for these globally dominant futures contracts, a move poised to inject competition into a market historically monopolized by the CME.