GH Financials has become the first remote clearing participant of the Australian Securities Exchange’s (ASX) clearing house.
European and US clients of GH Financials, a clearing firm for exchange-traded derivatives, will now be able to trade and clear on ASX.
ASX lists a range of listed derivatives products including index futures based on the ASX SPI 200, interest rate futures and commodity derivatives.
“We are grateful to ASX for allowing us to offer their market place using this innovative remote participation structure,” said Steve Martin, chief operating officer at GH Financials.
“Our European and U.S. based clients can now access one of the world’s premier derivative exchanges through a local counterparty that benefits from direct participation.
“GHF will be able to offer significant improvements in current risk management and service delivery practices, simply because we are fully active in our clients' time zones.”