22 May 2026
Supporting New Zealand’s electricity market: Marex has been selected to provide OTC trading platform
Marex’s New Zealand business has been selected by the country’s Electricity Authority (EA) to provide an over-the-counter (OTC) trading platform to support the standardized super-peak electricity contract, complementing the existing exchange-traded market.
The EA’s decision was informed by Marex’s strong track record, proven platform capability and its ability to meet both current and future market needs, as well as its commercial viability. Beyond super-peak contracts, the platform also offers standard contracts such as base load and peak load along with other custom electricity products.
The need for an enhanced OTC trading platform was identified during the EA’s earlier consultation on regulating the standardized super-peak contract, with a particular focus on improving transparency, liquidity and market confidence.
Enhancing transparency and liquidity in New Zealand power markets
Nigel Brunel, Managing Director, New Zealand at Marex, said: “New Zealand’s electricity market is inherently volatile, with significant price swings. As Marex’s platform becomes a central hub for New Zealand OTC energy, we will enhance liquidity and improve transparency, helping to smooth volatility and support more effective risk management. Marex Group can also provide credit solutions across its product suite, facilitating market access for counterparties that may not otherwise be able to transact. This enhances liquidity and contributes to increased market activity.”
The platform is now operational and Marex is actively onboarding clients. As part of this transition, the current fortnightly super-peak trading sessions will migrate to the Marex platform, which is anticipated to go live by 31 July 2026.
Building the future of OTC electricity trading in APAC
Arthur Fan, CEO APAC at Marex, said: “Marex continues to expand its offerings throughout the Asia-Pacific (APAC) region, drawing on our broad global experience and deep industry expertise. Our team is uniquely positioned to introduce innovative products and services to the market rapidly and with significant impact.”
Marex is a diversified global financial services platform providing essential liquidity, market access, and infrastructure services across more than 60 exchanges worldwide. The firm employs more than 3,000 people across more than 50 offices globally, including our New Zealand office, which opened in July 2024.
