Following becoming a futures clearing and trading participant on the Australian SecuritiesExchange (ASX), UK-headquartered global financial services platform Marex last Friday(October 27) announced that it has also become a trading and clearing member of SingaporeExchange Group (SGX). With this membership, Marex will be able to provide trading andclearing services to clients across SGX while expanding its global client base in APAC.
By becoming a member of SGX, Marex offers its clients direct entry to a highly diverseexchange in Asia and a prominent financial center in the region. This aligns with Marex'songoing strategy to broaden its range of clearing services in the Asia Pacific, enabling it tocapitalize on additional opportunities for growth through offering comprehensive services thatseamlessly connect clients with various markets.
Arthur Fan, Head of Asia Pacific of Marex, said: "We are delighted to become a trading andclearing member of sGX, which is such an important exchange in the Asia Pacific. Thismportant membership deepens our commitment to the region and gives us even greateropportunity to offer more services to more clients and expand our investment and operationsacross the region.
lan Lowitt, CEO of Marex, commented: "Our strategy is to increase our capabilities to connectclients to markets in new ways across more geographies. This new membership allows us toboth increase our clearing capabilities and our footprint in Asia Pacific. Singapore is astrategically important financial hub where we will continue to enhance our offering in line withour clients' evolving needs.
Pol de Win, Senior Managing Director, Head of Global Sales and Origination, SGX Group, said:"Marex's scale and vast experience in the cleared derivatives markets is a great complement toour fast-growing derivatives franchise. We are excited to have Marex come onboard as aDerivatives Trading and Clearing Member given their specialised knowledge and expertise, thatwill help further deepen and diversify the derivatives ecosystem.'
