Early Adopter Program

EARLY ADOPTER PROGRAM

FMX Futures Exchange, LP (“FMX”) is making available an early adopter cost recovery program (the “Program”) for three early adopter US-based FCMs who agree to the terms of the Program, can meet the below criteria, and are accepted into the Program.

Criteria for eligibility include:

  • You must be an FCM;
  • You must not be an active FMX Participant under any existing contract or agreement;
  • You (or an affiliated entity) must currently be or previously been a clearing member of LCH’s SwapClear or Listed Rates service within the past 5 years;
  • Completion and submission of the Early Adopter Program Indication of Interest (“IOI”) form, which can be found on Indication of Interest, by January 6, 2025, including attestations regarding reasonable expectation to complete onboarding to FMX and LCH Limited to offer clearing services, and to fund any default fund requirements by a date specified by FMX, which shall be no sooner than March 31, 2025;
  • Completion and submission of the Early Adopter Costs Template form, which can be found on Early Adopter Costs, including a reasonable estimate of itemized expected costs associated with onboarding to FMX and to LCH Limited by a date specified by FMX, which shall be no sooner than March 31, 2025; and which, for the avoidance of doubt, must be submitted to FMX within five (5) business days of the submission of the IOI, but no later than January 13, 2025;
  • The executed Agreement must be returned within ten (10) business days of the submission of the IOI, but no later than January 20, 2025;
  • You (or an affiliated entity) must not be or intend to be an investor, owner, or equity holder of FMX Holdings, LLC (f/k/a Fenics Markets Xchange, LLC).

Process for Submission of Indication of Interest:

Step 1    Complete and Return the Early Adopter Program Indication of Interest Form with Attestations by January 6th, 2025
Click here to download the IOI

Step 2    ​Complete and Return the Early Adopter Costs Template within five (5) business days of the indication of interest form and no later than January 13th, 2025. Please submit to [email protected]
Click here to download the Early Adopter Costs Template

Step 3    ​Upon Receipt of the Indication of Interest and a Validation of Eligibility, Applicants will be sent the Early Adopter Program Agreement, which must be Executed and Returned no later than January 20th, 2025.

Please Note: Any delay in return of the Early Adopter Program Agreement beyond January 20th, 2025 may result in exclusion from the Program.

Disclaimer: The Early Adopter Program is subject to approval by the Commodity Futures Trading Commission (“CFTC”). Participation in the Program is contingent upon receiving the necessary regulatory clearances and approvals from the CFTC, and any aspects of the Program may be modified or suspended in accordance with such approval. By participating, you acknowledge and agree that all activities within the Program are contingent upon compliance with applicable regulations and the final approval from the CFTC.