Marex Clears First Ever UST Delivery on FMX Futures Exchange

Financial services platform Marex has cleared the first ever US Treasury (UST) delivery on FMX Futures Exchange.  According to a story in The Trade news, the offering is set to provide Marex’s clients with opportunities to save capital, made possible through the firm’s clearing partnership for interest rate swaps with LCH, as well as offer access to competitive offsetting between UST futures positions on FMX and LCH IRS portfolios.  The move follows the launch of FMX in September 2024 through a partnership with BGC and a consortium of investment banks and market-making firms, initially opening with the trading of SOFR futures contracts on the exchange. FMX aims to function as a combined US interest rate futures exchange, spot foreign exchange platform and US cash treasuries platform. Markets.