FMX Raises $172M to Revolutionize Electronic Trading in Cash Treasuries, FX, and Interest Rate Futures

Fenics Markets Xchange (“FMX”) has announced a significant funding milestone, successfully raising $172 million to enhance its groundbreaking trading capabilities. This infusion of capital underscores FMX’s commitment to revolutionizing the landscape of electronic trading by integrating BGC Partners’ industry-leading Fenics Rates and FX platforms with its newly launched FMX Futures Exchange. With this funding, FMX is poised to expand its offerings in the realms of cash Treasuries, foreign exchange, and interest rate futures, providing market participants with a seamless and sophisticated trading experience. Leveraging state-of-the-art Fenics trading technology and a robust global infrastructure designed for speed and scalability, FMX aims to improve market efficiency and accessibility. A key aspect of FMX’s strategy includes a partnership with LCH Limited, the world’s largest clearinghouse for interest rate swaps, which will enable FMX Futures Exchange participants to benefit from significant clearing and cross-margin efficiencies. This strategic funding initiative is not just a financial boost; it is a crucial step toward fulfilling FMX's vision of reshaping the future of trading in fixed income and derivatives markets. As the company embarks on this exciting phase of growth and innovation, FMX’s stakeholders can expect enhanced services, greater liquidity, and a more streamlined trading process that sets new industry standards.