BGC Group receives CFTC approval for FMX futures exchange

BGC Group announced that its FMX Futures Exchange received Commodity Futures Trading Commission, or CFTC, approval to operate an exchange for U.S. Treasury and SOFR futures, the most widely traded futures contracts in the world, for trading on FMX1. FMX’s clearing agreement with LCH SwapClear, one of the largest holders of interest rate collateral in the world, uniquely positions FMX to compete and reshape the U.S. interest rate market.