Celebrating BGC Group’s Leadership in the USD Rates Complex!

Celebrating BGC Group’s Leadership in the USD Rates Complex!

As we prepare for the highly anticipated launch of the FMX Futures Exchange, we are proud to reflect on the achievements that have made BGC Group a trusted partner for USD Interest Rates. With data at the heart of the market, Fenics Market Data has partnered with our brokerage teams to drive success in the US Dollar market with some of our key accomplishments including:

• FMX UST: Capturing an impressive 30% market share in Q2 2024, continuing the U.S. Government Securities trading platform’s streak of quarter-over-quarter market share increases.

• SOFR/FF Basis Swaps: Since the launch of GFI’s USD IRD Desk in December 2023, we have rapidly secured a 45% share of the SOFR/FF basis market, with our combined group brand liquidity pools pushing us to over 50% market share.

• US Inflation Derivatives: A remarkable near 100% of the broker inflation derivatives market share is held between our group’s own FMX and GFI brands.

• USD Swaptions: Dominating non-linear USD rates with over 50% market share across group brands, led by our BGC brand.

“These milestones are more than just numbers; they represent our group’s dedication to excellence in serving our clients. With our notable market contributions, clients enjoy enhanced liquidity, precise market data, and exceptional execution, all crucial for informed decision-making in today’s dynamic environment.” – Rich Winter, Global Head of Fenics Market Data and Analytics.

The FMX Futures Exchange will complete a full-service solution of the USD Rates Complex. With this addition, BGC Group will offer a fully integrated suite covering all aspects of USD Rates – including Cash, Futures, Interest Rate Derivatives, Options, Inflation, and more. Fenics Market Data is proud to be the exclusive market data distributor for BGC Group, Inc. and its affiliates. Together, we are building a future where our clients have access to ever evolving, comprehensive, and innovative market solutions.

Source: US Treasury market share based on CLOB market shares as sourced by Coalition Greenwich. All other figures sourced via Clarus SEFView, representing actual traded volumes reported by each SEF.