BGC Group, Inc. (BGC) Stock, CME Stock Jessica Kuruthukulangara,
The new FMX Futures Exchange, created by BGC (NASDAQ:BGC) and backed by top investment banks and market-making firms, launched late on Monday to challenge CME’s (NASDAQ:CME) dominance in interest rate futures trading.
The platform initially launched with Secured Overnight Financing Rate (SOFR) futures, and U.S. Treasury