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BGC's New Futures Exchange and Economic Outlook
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Howard Lutnick, chairman of Cantor Fitzgerald and CEO of BGC Group, discusses BGC's launch of FMX, a new futures exchange aimed at competing with the Chicago Mercantile Exchange. Lutnick outlines BGC's resurgence in a post-zero interest rate market, highlighting their role as leading global wholesalers. He also provides insights into the anticipated impact of Federal Reserve monetary policies and the evolving demand for IPOs in the financial sector.
