Consortium-backed FMX eyes push for FX unit | Foreign exchange Information
When interdealer broker BGC revealed its digital trading business, FMX, with a consortium of 10 international investment banks and market-makers, all eyes had been on the creation of a new US rate of interest futures exchange. Inside the new unit, nonetheless, its established international exchange platform may emerge as a main beneficiary of the reorganisation.
Previously Fenics FX, the rebranded FMX FX has doubled average each day quantity year-on-year to roughly $12 billion throughout spot and non-deliverable forwards.
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