PMEX Markets
| PMEX Markets, Inc. | |
| Founded | 2026 |
|---|---|
| Headquarters | New York, New York, United States |
| Products | U.S. futures and options contracts; electronic trading platform; clearing and settlement connectivity; market data services |
PMEX Markets, Inc. is a U.S.-based derivatives exchange operator that has applied to be registered with the U.S. Commodity Futures Trading Commission (CFTC) as a designated contract market, offering an electronic venue for trading standardized futures and options contracts on commodities and financial instruments. The company proposes to operate a centralized order book with time/price priority matching, supported by independent governance and regulatory structures designed to meet U.S. core principles for contract markets.
PMEX Markets plans to list cash and physically deliverable contracts aimed at commercial hedging, price discovery and risk management across energy, metals and financial benchmarks, while providing access for asset managers, institutional investors, banks, proprietary trading firms and swap dealers through registered futures commission merchants and direct electronic connections. Its business model situates the exchange within the broader market infrastructure of central counterparties, clearing members and intermediaries that support liquidity, settlement, post-trade processing, custody, compliance, and anti-money laundering functions.
History[edit]
PMEX Markets, Inc. was formed in the mid-2020s to establish a new U.S. derivatives marketplace focused on exchange-traded futures and options contracts under the CFTC’s designated contract market regime. The company was organized as a for-profit exchange entity, with an independent board and a regulatory program intended to satisfy the core principles applicable to U.S. contract markets, including trade practice surveillance, market monitoring, and financial integrity standards. As part of its launch process, PMEX Markets submitted Form DCM and related exhibits to the CFTC, outlining its proposed trading rules, match engine architecture, governance arrangements, and disciplinary framework. The filing described how the exchange would provide non-discriminatory access via electronic trading interfaces, adopt time/price priority in its central limit order book, and coordinate with registered clearing organizations for clearing and settlement of listed contracts.
In its application materials, the exchange detailed its intent to offer contracts designed to support commercial hedging and speculative trading in commodity and financial markets, with contract designs aligned to underlying benchmark prices and observable cash markets. PMEX Markets is also committed to pre‑ and post‑trade risk controls, including position limits, margin requirements, and trade reporting to help promote orderly price discovery and liquidity while meeting regulatory expectations for compliance and anti-money laundering oversight.