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🔵 BGC GROUP LAUNCHES FMX TO CHALLENGE CME IN US TREASURIES Full Story → https://t.co/IvgkIpVZPs (Reuters) - Brokerage BGC Group launched its FMX Futures Exchange on Tuesday, the latest attempt by billionaire Howard Lutnick to challenge the dominance of CME Group and increase…
NYTIMES credit market column September 24 1984 https://t.co/D8jvOV8jlb
For far too long the CME has maintained its monopoly grip on the U.S. interest rate futures market. But that era is over. We are ready. Together with the greatest banks in America: @BankofAmerica, @Barclays, @Citi, @GoldmanSachs, @jpmorgan, @MorganStanley, and @WellsFargo, and… https://t.co/7TDbBMkIww
Howard Lutnick, CEO of BGC Group, has launched the FMX Futures Exchange on Tuesday, aiming to challenge the CME Group's dominance in the U.S. interest rate futures market and US Treasuries. Billionaire Lutnick's initiative is supported by major financial institutions including Bank of America, Barclays, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo. This move marks a significant attempt to break CME's longstanding monopoly in this sector.
