General Announcement::SGX Group welcomes Marex Spectron Asia Pte. Ltd. as Derivatives Trading and Clearing Member

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
27-Oct-2023 17:15:18
Status
New
Announcement Sub Title
SGX Group welcomes Marex Spectron Asia Pte. Ltd. as Derivatives Trading and Clearing Member
Announcement Reference
SG231027OTHRM1XQ
Submitted By (Co./ Ind. Name)
Jo-Ann
Designation
Senior Associate, Marketing & Communications
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX Group) is pleased to welcome Marex Spectron Asia Pte. Ltd. to its derivatives market as a trading and clearing member.

Marex is a UK-based diversified global financial services platform, providing access, liquidity and infrastructure services to clients in the energy, commodities and financial markets. The company provides services in clearing, market making, agency and execution, as well as hedging and investment solutions. Marex has more than 30 offices, with more than 1,800 staff across Europe, Asia and America.

Marex's clearing business focuses on a variety of clients including banks, hedge funds, asset managers, corporates and trading groups. In 1H 2023, Marex held more than US$11.8 billion in assets, acting as a principal for its clients and providing access to 57 exchanges globally. Its customers rely on Marex's award-winning multi-asset offering and strong balance sheet, with investment grade credit ratings affirmed by S&P Global and Fitch.

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 to our fast-growing derivatives franchise. We are excited to have Marex onboard as a Derivatives Trading and Clearing Member given their specialised knowledge and expertise that will help further deepen and diversify our commodity derivatives ecosystem."

Arthur Fan, Head of Asia Pacific, Marex, said, "We are delighted to become a trading and clearing member of SGX Group, which is an important exchange in Asia. This important membership deepens our commitment to the region and gives us greater opportunities to offer more services to more clients and expand our investment and operations in the region."

The addition of Marex brings the total number of Trading and Clearing Members in SGX Group's derivatives market to 69 and 29 respectively.

Attachments

20231027 SGX Group welcomes Marex as Derivatives Trading and Clearing Member.pdf
Total size =144K