Thu May 08 15:00:00 UTC 2025: ## FMX Futures Exchange Delays Launch Amidst Clearing House Complications

**NEW YORK –** Howard Lutnick’s newly founded FMX Futures Exchange, aiming to challenge CME Group’s dominance in the US Treasury futures market, is facing delays. The launch of its US Treasury futures contracts has been hampered by complications with bond delivery through its clearing house, LCH Group. These setbacks come as Lutnick transitions from his role at Cantor Fitzgerald to become the US Commerce Secretary.

While FMX navigates these hurdles, CME Group, the incumbent market leader, continues to attract analyst attention. Fifteen Wall Street analysts project an average target price of $276.00 for CME stock, ranging from $225.00 to $305.00. This suggests a potential downside of nearly 2.5% from its current price. Eighteen brokerage firms give CME a Hold rating (average recommendation of 2.6 on a 1-5 scale), and GuruFocus estimates a fair value of $257.44, indicating a potential 9% downside. The future of the US Treasury futures market remains uncertain as FMX confronts its launch challenges.

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