Derivatives Exchanges FMX May 20 Total Daily Volume of 63,010 with OI of 166,477

Research evidence excerpt

Derivatives Exchanges FMX May 20 Total Daily Volume of 63,010 with OI of 166,477

J P M O R G A N North America Equity Research

21 May 2026

Derivatives Exchanges

FMX May 20 Total Daily Volume of 63,010 with OI of

166,477

We observed 63,010 total futures contracts traded on May 20 at the FMX Futures Brokers, Asset Managers &

Exchange, with 166,477 contracts of open interest (OI) at session-end. The closing Exchanges

level of OI on May 20 jumped 2.7% from the previous trading session (162,022). Kenneth B. Worthington, CFA AC

2yr and 5yr U.S. Treasury futures contracts had 2,069 contracts of OI outstanding (1-212) 622-6613

as of May 20—a new UST OI record—with 20,952 UST contracts traded kenneth.b.worthington@jpmorgan.com

yesterday. We reiterate that the focus continues to be on onboarding more FCM Madeline Daleiden

activity, which, in turn, may attract greater buy-side involvement. (1-212) 622-4911

madeline.daleiden@jpmchase.com

Figure 1: Monthly Summary of Total Activity at FMX Futures Exchange Michael Cho

(1-212) 622-3619

250,000 # of contracts michael.cho@jpmchase.com

Total Ending OI Total FMX Futures Monthly ADV & OI Total ADV

Includes 3mo SOFR, 2yr UST, 5yr UST Alexander Bernstein

200,000 (1-212) 622 0369

alexander.x.bernstein@jpmorgan.com

J.P. Morgan Securities LLC

150,000

See other FMX-related research:

100,000 Derivatives Exchanges: FMX UST Futures’

Contract Specs Now Available; May 15

50,000 Daily Volume of 2,524 with OI Reaching

Record High

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Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26

Derivatives Exchanges: FMX First

*Represents preliminary data published first by exchange Contracts Begin Trading with a Whisper

Source: Company reports, J.P. Morgan estimates