Tag: Terry Duffy
BGC’s FMX goes live with Marex executing first trade
BGC Group launched its highly anticipated FMX Futures Exchange on Monday, opening for SOFR futures trading at 9 PM ET.
Marex cleared the first trade...
BGC confirms FMX launch date of 23 September
BGC Group has confirmed that its FMX Futures Exchange will launch on 23 September, just one week from today.
The US interest rate futures exchange...
“Complete misunderstanding … or try[ing] to baffle people”; Lutnick counters Duffy
BGC Group’s Q2 earnings call this week wasted no time at all before addressing the ongoing spat between CEO Howard Lutnick and CME CEO...
Duffy remains confident in face of FMX challenge
Despite record results, one topic dominated CME’s Q2 earnings call earlier this week: FMX.
CEO Terry Duffy has been vocal from the outset about his...
CME Group names Mike Dennis global head of fixed income
CME Group has named Mike Dennis global head of fixed income, effective 5 August.
Dennis will oversee the firm’s largest, most actively traded global benchmark...
CME Group set to clear US cash Treasuries
A CME Group representative has confirmed to The DESK that the company is set to enter US Treasury clearing.
The news was first reported...
US Treasury market change catalysed by proprietary trading firms
Proprietary trading firms are driving change faster than the interdealer brokers, writes David Wigan.
Direct streaming of pricing data is changing the historical client/dealer relationship...
