Marex and NatWest are set to deliver a cooperative margin offsetting agreement aimed at benefitting FX clients.
Terry Hollingsworth
Specifically, the new service means that clients who access FX futures through Marex, and FX prime brokerage services through NatWest’s markets business will receive margin relief.
Marcus Butt, global head of prime services, NatWest, said: “We are delighted to team-up with Marex to deliver this innovative new service. Clients have their preferred providers for specific services, and this solution allows them to benefit from collateral optimisation while maintaining their existing relationships.”
Through the move, both Marex and NatWest are expanding their respective service offerings.
Clients will have access to Marex’s broker-agnostic clearing service, which operates across equities, credit, financing, foreign exchange, and rates.
Read more: Marex names new head of clearing, Americas
Terry Hollingsworth, global head of futures and OTC clearing sales at Marex, explained:
“This collaboration means we are able to gain access to new clients and provide them with our best-in-class clearing service.
“We are excited to be cooperating with NatWest, providing our clients with access to a margin offset for their FX prime brokerage services, complementing our own prime services offering.”