Marex has expanded its prime services footprint with the launch of a new proprietary aggregated liquidity platform.
The new solution will build out the firm’s current FX capabilities and provides clients such as hedge funds and asset managers with access to multi-dealer FX liquidity through a single global prime brokerage relationship.
A key component of the platform is an aggregated pricing engine which consolidates live streams across tier one and specialist liquidity providers into a single executable price.
Through this, Marex aims to deliver enhanced liquidity, competitive pricing, streamlined execution and workflow integration for its clients, as well as anonymous liquidity pool access.
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Massimo Labella, co-head of international prime brokerage and outsourced trading, Marex, said: “This offering strengthens our position as a cross-asset prime brokerage partner for institutional clients seeking liquidity, capital efficiency and operational simplicity.
“As with the expansion of our swaps capabilities and the addition of FX to our outsourced trading offering, it was developed in response to client demand, reflecting our focus on building solutions that deliver tangible value for clients.”
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The offering also removes the need for multiple bilateral relationships and will allow clients to leverage improved capital usage and balance sheet efficiency through portfolio-level cross margining.
On a wider scale, the new platform is set to enable integrated reporting and workflow connectivity across the firm’s entire equity, fixed income, futures and derivatives infrastructure.