Marex first clearing firm to enable client access to competitive margin benefits with FMX Futures Exchange and LCH Ltd

• Marex enabled the first client to receive margin benefits on FMX Futures Exchange and LCH Ltd positions through LCH’s Portfolio Margining Service.
• Service to provide portfolio margin benefits across clients’ futures positions on FMX Futures Exchange and IRS portfolios on LCH.

Marex Group plc (NASDAQ: MRX), a leading diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets, is the first firm to provide clients access to margin benefits through a clearing partnership between LCH Ltd and FMX Futures Exchange.

Marex enabled the first client to use the service on Monday, 22nd September. The service is designed to reduce counterparty risk and provide significant savings to clients with portfolio margining across futures positions held on FMX Futures Exchange and interest rate swaps (IRS) portfolios on LCH via LCH’s fully automated Portfolio Margining service.

Marex has a record of enabling firsts with LCH Ltd, which is a fully approved CFTC Derivatives Clearing Organization and one of the largest clearing houses for interest rate swaps in the world. In July 2024, Marex became the first non-bank to offer client clearing of IRS on LCH, deepening liquidity, diversifying counterparty risk and increasing capacity for the IRS market.

FMX Futures Exchange, which launched SOFR futures in September 2024 and expanded its offering to include two-year and five-year UST futures contracts in May, is a part of the broader FMX offering which includes a US interest rate futures exchange, spot foreign exchange platform and US cash treasuries platform. Marex has supported the growth of the exchange as one of its largest clearing members since the platform’s launch last year. The firm cleared the first-ever trade on FMX in September 2024 and the first UST delivery earlier this month.