Marex Group plc (NASDAQ: MRX), the diversified financial services platform, today announced the launch of customer cross-margining for U.S. Treasury securities, executing the first customer cross-margin trade under the newly approved framework. Clients can now cross-margin U.S. Treasury futures cleared at the Chicago Mercantile Exchange Inc. (CME) with cash U.S. Treasury securities cleared at The Depository Trust & Clearing Corporation’s (DTCC’s) Fixed Income Clearing Corporation (FICC).
“Bringing cross-margining to the U.S. Treasury market is a vital step toward providing measurable liquidity to the world’s most resilient financial market. We’re excited to help clients free up more of their capital and improve U.S. Treasury trading efficiencies through this new offering, and we are proud that Marex facilitated the first customer cross-margin transaction under this new structure.”Stephen Hood Head of Clearing, Americas
The new service, made possible by recent regulatory approvals from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), will enhance liquidity in the U.S. Treasury market and provide cost efficiencies for market participants.
“We are pleased with the early adoption of our new client cross-margining service, which is designed to make U.S. Treasury markets more efficient for all participants. Along with our partners at DTCC, we continue to deliver margin savings to both cash and futures market users.”Suzanne Sprague CME Group Chief Operating Officer and Global Head of Clearing & Post-trade Services
“FICC’s expanded cross-margining arrangement with CME Group represents the next chapter in our efforts to bring increased savings and efficiencies to the U.S. Treasury market. We are pleased to have partnered with Marex and CME Group to launch our end-user cross-margining service.”Laura Klimpel Managing Director, Head of DTCC's Fixed Income and Financing Solutions
On April 15, 2026, the SEC issued an exemptive order permitting cross-margining of cash market positions in U.S. Treasury securities cleared by registered clearing agencies and futures positions in U.S. Treasury securities cleared by registered derivatives clearing organizations. The SEC also approved a proposed rule change filed by the Fixed Income Clearing Corporation (FICC) that enabled FICC to enter into an agreement with the CME that would extend the availability of cross-margining to positions cleared and carried for customers by a dually registered broker-dealer and futures commission merchant that is a common member of FICC and CME.
“Clients value solutions that enhance liquidity and optimize capital efficiency. By executing the industry’s first trade under this new framework, Marex is excited to support clients engaging in Treasury basis trades and to help them enhance liquidity and capture capital efficiencies.”Ram Vittal CEO, Marex Americas
