Derivatives Exchanges: FMX Aug 19 Total Daily Volume of 88,192 with OI of 174,276

Research evidence excerpt

J P M O R G A N

North America Equity Research

20 August 2026

Derivatives Exchanges

FMX Aug 19 Total Daily Volume of 88,192 with OI of

174,276

We observed 88,192 total futures contracts traded on August 19 at the FMX Futures

Exchange, with 174,276 contracts of open interest (OI) at session-end. The closing

level of OI on August 19 jumped 6.0% from the previous trading session (164,419).

FMX U.S. Treasury futures had 7,274 contracts of OI outstanding as of August 19

with 40,695 UST contracts traded yesterday. Recall, these UST totals now include

the 10yr, 10yr Ultra, 30yr, and 30yr Ultra contracts after we observed incremental

UST contracts launch. We reiterate that the focus continues to be on onboarding

more FCM activity, which, in turn, may attract greater buy-side involvement.

Brokers, Asset Managers &

Exchanges

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

(1-212) 622-3619

J.P. Morgan Securities LLC

250,000

# of contracts

Total Ending OI

Total ADV

Kenneth B. Worthington, CFA AC

(1-212) 622-6613

Madeline Daleiden

(1-212) 622-4911

Michael Cho

Total FMX Futures Monthly ADV & OI

Includes 3mo SOFR and All UST Contracts

200,000

See other FMX-related research:

Derivatives Exchanges: FMX UST Futures’

Contract Specs Now Available; May 15

Daily Volume of 2,524 with OI Reaching

Record High

150,000

100,000

Derivatives Exchanges: FMX First

Contracts Begin Trading with a Whisper

Rather than a Bang (September 24, 2024)

50,000

Sep-24

Oct-24

Nov-24 Dec-24

Jan-25

Feb-25 Mar-25

Apr-25 May-25 Jun-25

Jul-25

*Represents preliminary data published first by exchange

Source: Company reports, J.P. Morgan estimates

Aug-25 Sep-25

Oct-25

Nov-25 Dec-25

Jan-26

Feb-26 Mar-26

Apr-26 May-26 Jun-26

Jul-26

Aug-26

CME Group, Inc: FMX a Credible New

Entrant to US Rates Futures Trading –

Why It Could Succeed and What It Could

Cost CME; Downgrade to UW (June 2024)

Derivatives Exchanges: Conversation with

FMX Leaders: Exploring BGC’s Challenge

to CME’s Monopoly in Interest Rate

Futures (May 2024)

CME Group, Inc: Evolving Clearing

Landscape in Rates Derivatives Presents

Mixed Opportunities and Risks for CME

(July 2024)