FMX (Fenics Markets Xchange) Futures Exchange, L.P., is a designated contract market registered with and regulated by the CFTC. FMX Futures Exchange provides fully electronic trading on US Treasury and SOFR futures. FMX Futures Exchange has established a clearing agreement with LCH, which holds the largest pool of cleared interest rate swaps in the world, and it is anticipated that the participants on the FMX Futures Exchange will experience material clearing and cross-margin efficiencies.
TT® supports the following:
All Orders are matched with each other and executed electronically through the Exchange Trading System in accordance with FIFO, i.e. opposing orders are matched according to price and submission time rules.
The matching engine for UST futures will be located at NY4, alongside the matching engine for Fenics UST (FUST) cash treasuries. This co-location will result in ultra-low latency when trading futures vs cash basis, and a significant reduction in the costs associated with legging risk. The matching engine for the SOFR futures will be located in Chicago.
Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market depth directly from the exchange and forwards it to the client trading applications.
Trading Hours: Sunday night through Friday, 9:00 PM - 5:00 PM Eastern Time (NY)
The following FMX Futures Exchange functionality is not supported on TT:
The TT® platform provides connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options. Refer to TT Access for more details about your connectivity options for connecting to TT.