{"id":91928,"date":"2025-02-16T16:08:46","date_gmt":"2025-02-16T16:08:46","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/imx-seeks-cftc-regulatory-approval-as-u-s-health-care-futures-exchange\/"},"modified":"2025-02-16T16:08:46","modified_gmt":"2025-02-16T16:08:46","slug":"imx-seeks-cftc-regulatory-approval-as-u-s-health-care-futures-exchange","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=91928","title":{"rendered":"IMX seeks CFTC regulatory approval as U.S. health care futures exchange"},"content":{"rendered":"


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On Thursday, Chicago\u2019s Intelligent Medicine Exchange (IMX)<\/strong> <\/a>announced that it has filed for regulatory approval with the U.S. Commodity Futures Trading Commission<\/a> (CFTC)<\/strong> to launch the first financial exchange for futures contracts based on the U.S. health care ecosystem<\/a>. Specifically, the company is seeking official status as a Designated<\/strong> Contract Market (DCM)<\/strong><\/a>, enabling it to facilitate the trading of contracts by individual and institutional market participants for purposes of risk management and investment.<\/p>\n

Per IMX, health care represents nearly 20 percent of the U.S. gross domestic product (GDP), but there is currently no dedicated derivatives market to hedge risk. IMX says that a historic barrier to creating these markets has been a lack of reliable data on which to build tradable instruments based on industry trends, such as the cost of treating certain diseases and common medical procedures, the ability to invest in certain drugs and more. IMX says it has developed proprietary, patent-pending cost indexes that will underlie the futures contracts.<\/p>\n

\u201cHealth care is the number one economic problem facing the country, and it\u2019s almost 10 times bigger than the oil market but without a corresponding vehicle to manage risk,\u201d said IMX CEO and Co-Founder James Plante, <\/strong>who is also Managing Partner of IMX\u2019s lead venture capital investor Thynk Capital,<\/strong>\u00a0in a comment on the filing. \u201cWe now have the data and means to create a trading venue for those whose businesses and livelihoods depend on the health care economy \u2013 whether they are suppliers, medical providers such as hospitals or physician groups, insurers or self-insured employers \u2013 or investors who want to take a position on the market.\u201d<\/p>\n

\u201cThe introduction of futures and other risk management instruments in multiple industries has helped stabilize prices, brought transparency and provided new investing opportunities. The time is right to leverage this valuable tool and manage health care costs as assets,\u201d said Phupinder Gill<\/span><\/strong>, strategic advisor to IMX and former CEO of commodity exchange giant CME Group<\/strong><\/a>.<\/p>\n

\u201cHealth care costs are the leading cause of bankruptcy in the U.S. The cost of new drugs, hospital procedures, hospital stays and insurance premiums seem only to go up. We believe IMX will lead to stable and lower prices for consumers and more predictability for drug companies, hospitals, providers and payers as they learn to do what farmers have done for decades \u2013 hedge the future,\u201d added IMX Co-Founder Gregory Simon,\u00a0<\/strong>former Senior Vice President of Global Policy at pharmaceutical giant Pfizer <\/strong>and former director of the White House Cancer Moonshot<\/strong> program, who now sits on IMX\u2019s board.<\/p>\n

According to figures from the U.S. Department of Health and Human Services <\/strong>and provided by IMX,\u00a0U.S. health care spending in 2021 grew to $4.3 trillion<\/span>, or 19 percent of the nation\u2019s GDP. The department projects spending will reach nearly $6.2 trillion<\/span>\u00a0by 2028.<\/p>\n

In\u00a0January 2020<\/span>, Simon and Feldman co-authored an\u00a0article published in Fortune Magazine, titled \u201cWhy it\u2019s time for a futures market in health care.<\/a>\u201c<\/strong> The article was part of the magazine\u2019s The Big Idea series, that puts forward \u201cnot-so-modest\u201d proposals for making the world better.<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"

On Thursday, Chicago\u2019s Intelligent Medicine Exchange (IMX) announced that it has filed for regulatory approval with the U.S. Commodity Futures Trading Commission (CFTC) to launch the first financial exchange for futures contracts based on the U.S. health care ecosystem. Specifically, the company is seeking official status as a Designated Contract Market (DCM), enabling it to […]<\/p>\n","protected":false},"author":1,"featured_media":91929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[11708,760,44233,44234,41942,8467,14918,597,27857,39142,3639,11715,15894,15090,8134],"dealstore":[],"offerexpiration":[],"class_list":["post-91928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-approval","tag-care","tag-cftc","tag-cme-group","tag-derivatives","tag-exchange","tag-futures","tag-health","tag-health-care","tag-imx","tag-innovations","tag-markets","tag-regulatory","tag-seeks","tag-u-s"],"yoast_head":"\nIMX seeks CFTC regulatory approval as U.S. health care futures exchange - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=91928\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMX seeks CFTC regulatory approval as U.S. health care futures exchange - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"On Thursday, Chicago\u2019s Intelligent Medicine Exchange (IMX) announced that it has filed for regulatory approval with the U.S. Commodity Futures Trading Commission (CFTC) to launch the first financial exchange for futures contracts based on the U.S. health care ecosystem. 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