Markets - FMX

TRACK RECORD OF TAKING MARKET SHARE FROM THE MAIN INCUMBENTS IN THE MOST IMPORTANT ASSET CLASSES

Futures

World-class marketplace for SOFR and US Treasury futures
Trades are cleared at the LCH, with integrated futures cross-margining

FUTURES: LAUNCHING AN LCH-CLEARED AND CROSS-MARGINED INTEREST RATE FUTURES COMPLEX

Product suite includes SOFR and US Treasury Futures

• Offering the following products:
– UST Futures: 2YR, 3YR, 5YR, 10YR, Ultra 10YR, 20YR, 30YR, Ultra 30YR
– 3M SOFR Futures
• Providing market participants with the ability to trade cash vs futures within the broader FMX ecosystem
• Materially lower exchange fees with a simple, volume-based schedule that allows active participants to achieve lower transaction costs
• Reduced tick sizing resulting in tighter bid/ask spreads
• Clearing Services Agreement through LCH, a CFTC-recognized Derivatives Clearing Organization
• Agreement with LCH is designed to provide a platform for generating significant margin offset

UST Rates

Efficient trade execution in a highly transparent trading environment
Connected with 125+ Banks, Broker Dealers, Proprietary Trading Firms (PTFs), and Institutional Investors

• Tightest tick size in the U.S. Treasury market, in increments of 32nd or 16th across the curve

• State-of-the-art IT is designed to provide an ultra-fast and highly predictable user experience

• Execution via Graphical User Interface (GUI), FIX API and Binary API

• Execution is binding and fully anonymous – no last look

FX

Single point of access for ultra-low latency execution of Spot FX and NDF trading.Deep, multichannel and configurable liquidity pools

• Easily accessible liquidity for Institutional clients, provided anonymously in the CLOB or via private rooms

• Highly efficient and resilient framework for anonymous and real-time execution

• Offering liquidity in over 55 Spot pairs, Metals, Off-SEF NDFs and Full Amount Trading

• Supporting all forms of electronic connectivity including a highly customizable GUI, FIX & Binary API, and STP

• Matching Engines in NY4, LD4, and SG1 (for NDFs)

Market Data

Comprehensive, real-time, market data harvested from BGC group's financial ecosystem. Advanced pricing and analytical tools, as well as fully customizable data sets

• Data-as-a-Service (“DaaS”) model harvests proprietary trade data directly from source platforms

• Rigorous process where data is cleansed, enriched, packaged and then distributed

• All FMX products covered: USTs, Repos, FX spot, NDFs and Futures

• Wide range of customizable datasets including real-time, intraday, end-of-day prices and robust
historic data sets

• Tailored client solutions to achieve regulatory compliance and improve operational efficiencies

Repo

Delivering a carefully-managed, fully electronic marketplace for Repo trading

• Supporting multiple forms of electronic connectivity including a highly customizable GUI and FIX API

• Existing connectivity with most major third-party vendors for OMS/EMS & STP Integration

• Providing a true, Daily Morning Match