Marex has become a trading and clearing member of Singapore Exchange Group (SGX), which will allow the firm to offer direct trading and clearing services to clients across SGX.
The move comes as part of the firm’s strategy to expand its global client offering in the Asia Pacific region, allowing Marex to capture further growth opportunities through its combination of services that connect clients to markets.
“We are delighted to become a trading and clearing member of SGX, which is such an important exchange in the Asia Pacific,” said Arthur Fan, head of Asia Pacific at Marex.
“This important membership deepens our commitment to the region and gives us even greater opportunity to offer more services to more clients and expand our investment and operations across the region.”
Marex’s clearing business offers infrastructure services to a range of clients including banks, hedge funds, asset managers, corporates and trading groups. Marex also provides on-exchange liquidity through market making and agency and execution services, alongside over the counter, bespoke derivatives through its hedging and investment solutions business.
“Our strategy is to increase our capabilities to connect clients to markets in new ways across more geographies,” said Ian Lowitt, chief executive of Marex.
“This new membership allows us to both increase our clearing capabilities and our footprint in Asia Pacific. Singapore is a strategically important financial hub where we will continue to enhance our offering in line with our clients’ evolving needs.”
Earlier this month, Marex joined the Australian Securities Exchange (ASX) as futures clearing and trading participant with the move slated to increase competition within the currently heavily concentrated market.
Through this addition, ASX – which currently only has a few participants – will see better counterparty risk management and more depth added to the marketplace, according to Marex.
“Marex’s scale and vast experience in the cleared derivatives markets is a great complement to our fast-growing derivatives franchise,” said Pol de Win, senior managing director, head of global sales and origination at SGX Group.
“We are excited to have Marex come onboard as a derivatives trading and clearing member given their specialised knowledge and expertise, that will help further deepen and diversify the derivatives ecosystem.”