Marex North America Expands Futures Clearing to CME Group & ICE US

NEW YORK, Jan. 18, 2011 /PRNewswire/ -- Marex, the international specialist derivatives and FX brokerage firm, today announces that it has joined both the CME Group of exchanges and ICE US as a full clearing member. This move further expands Marex's business into North America, providing new and existing customers with execution and clearing services in US markets.

Commenting on today's announcement, Hunter Baldwin, Managing Director of Marex North America, said:

"We have joined the CME Group and ICE US in response to overwhelming customer demand. These new exchange memberships mean that we can further expand the number of markets on which we directly provide clearing services.

"The further development of Marex North America's offer will allow us to meet the growing needs of clients who trade derivatives and are seeking a global clearing partner with proven operational, financial and risk management expertise. We can now provide clients with access to our extensive operations, technology, risk, finance and compliance capabilities, along with access to exchanges and clearing houses around the world."

About Marex:

Marex is a leading independent futures broker, providing specialist execution, direct market access and clearing services for metals, energy, agriculture, financial futures and foreign exchange markets. Marex's client base includes commodity producers and consumers, banks, brokers, CTA's, hedge funds and professional traders.

Marex is a member of the London Metal Exchange, NYSE Liffe, ICE Futures, ICE US, Eurex and the CME Group, and offers access to all [other] major exchanges in the US and Asia. Marex is headquartered in London, with offices in New York, Geneva [and Hong Kong]. Marex subsidiaries are regulated by the Financial Services Authority in the UK and by the National Futures Association in the US.

SOURCE Marex North America LLC

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