BGC Group Disrupts Traditional Finance With U.S. Treasury Futures Launch

Wall Street’s old guard just got a crypto-style adrenaline shot.

BGC Group—best known for brokering bonds and whispering sweet nothings to institutional traders—just dropped U.S. Treasury futures like a fintech startup. Because nothing says ’innovation’ like repackaging government debt with tighter spreads and faster execution.

Why this matters: The move signals institutional desperation to compete with DeFi’s 24/7 yield farms. When legacy players start mimicking crypto mechanics (minus the decentralization), you know the game’s changing.

The cynical take: Another case of TradFi cannibalizing its own products before crypto does it for them. At least they’re finally learning—blockchain won’t wait for Bloomberg terminals to catch up.

BGC Group and ten of the world’s leading investment banks and market-making firms announced FMX Futures Exchange has launched U.S. Treasury futures contracts. The Exchange initially launched with 2-year and 5-year contracts on Sunday, May 18, 2025 at 9:00 p.m. ET, for trade date Monday, May 19, 2025.

The Exchange launched with SOFR futures in September 2024. The addition of U.S. Treasury futures on the platform adds an important capability for global institutional trading clients, which include some of the world’s leading banks, investment firms, and market participants.

The Exchange expects to provide clients with significant capital savings through its clearing partnership with LCH Limited, a fully approved CFTC Derivatives Clearing Organization and one of the largest clearinghouses for interest rate swaps in the world.

FMX Futures Exchange is a part of FMX Holdings, LLC, which includes the world’s fastest growing cash U.S. Treasuries marketplace and a rapidly growing spot Foreign Exchange platform.

Source: BGC Group