10:10 AM EDT, 09/13/2024 (MT Newswires) -- BGC Group ( BGC ) said Friday that on Sept. 23 it will launch the FMX Futures Exchange, which it said is an exchange for US interest rate futures backed by 10 investment banks and market-making firms.

The financial technology services company said the exchange will initially launch with secured overnight financing rate futures and will add US treasury futures in Q1 of 2025.

The exchange is part of FMX Holdings, whose equity owners are Bank of America ( BAC ) , Barclays ( JJCTF ) , Citadel Securities, Citigroup ( C ) , Goldman Sachs (GS), JPMorgan Chase's ( JPM ) J.P. Morgan, Jump Trading Group, Morgan Stanley ( MS ) , Tower Research Capital and Wells Fargo ( WFC ) .

Price: 9.34, Change: +0.08, Percent Change: +0.81