Fmx futures exchange copper futures prices on the FMX

Copper futures prices on the FMX Futures Exchange advanced 1.2% to $4.12 per pound amid stronger Chinese manufacturing PMI numbers. Analysts see sustained industrial demand as a potential bullish driver through early The crux of the matter hinges on whether the US should allow Treasury futures to be cleared abroad, something that Duffy says doesn’t happen anywhere else in the world. Lutnick, the longtime CEO of Cantor Fitzgerald LP, has partnered with UK-based clearinghouse LCH Group to clear Treasury futures on his FMX exchange. FMX Futures Exchange was launched in September last year by brokerage and financial technology firm BGC Group and a consortium of investment banks and trading firms to compete with CME Group. The new exchange opened with trading of SOFR futures, the largest notional futures contract in the world, according to FMX. In May this year FMX Futures Exchange debuted two-year and five-year U.S. Treasury futures. FMX Futures Exchange sugar futures rallied 2.2%, driven by falling supply from Brazil. Commodity analysts warn price pressures may intensify if production forecasts continue to weaken.