Trading

BGC takes on CME as launch date confirmed for competitor exchange

FMX is looking to break CME’s monopoly in US interest rate futures

Howard Lutnick’s broker is still lining up a September launch, but won’t commit to a date
Howard Lutnick’s broker is still lining up a September launch, but won’t commit to a date Photo: Christopher Goodney/Getty Images

BGC Group is set to challenge CME head on by launching its US interest rate futures exchange later this month.

BGC told Financial News that it still plans to launch its FMX Exchange in September as previously promised, but would not commit to a precise start date.

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