Several factors drove the creation of FMX Exchange. BGC says it saw an opening for increased competition, greater market efficiency, and more integration with financial technology in the market.

and fading concerns on competition (chiefly, FMX). In the past six months, CME (NASDAQ:CME) stock rose ~19%, outpacing the S&P 500's 7.3% increase. While Citi still likes CME's fundamentals ...