BGC Partners Launches Integrated Marketplace FMX and Ties with LCH Ltd

BGC Partners, Inc. (BGC Partners), a leading global brokerage and financial technology company, announced on Wednesday the launch of Fenics Markets Xchange (FMX), a comprehensive marketplace for fully electronic trading and execution across U.S. Rates Cash and Futures, as well as the execution of a Clearing Services Agreement with LCH Ltd, a leading global clearing house.

FMX was designed by combining Fenics UST and FMX U.S. Futures, the two electronic Treasury and Futures trading platforms owned and operated by BGC Partners, on the same platform, in order to meet the needs of customers. It will deliver a unique U.S. Treasury and Futures integrated trading and clearing solution, utilizing Fenics UST's platform, state-of-the-art technology, significant trading liquidity, and an expansive client network.

The clearing agreement with LCH’s Listed Rates clearing service provides a platform for generating significant capital and operational efficiencies between OTC IRS (Interest Rate Swaps) and U.S. Futures positions.