Marex Strengthens APAC Presence: Becomes SGX Member

<p dir="ltr">Marex has strengthened its presence in the Asia Pacific region, becoming a trading and clearing member of the Singapore Exchange Group (SGX). Announced today (Friday), the membership will enable the company to offer direct trading and clearing services to clients across SGX.</p><p dir="ltr">Expanding in Asia Pacific</p><p dir="ltr">The membership was a strategic move for Marex, which is expanding its Asia-Pacific reach. Earlier this month, it became a <a href="https://www.financemagnates.com/institutional-forex/marex-expands-in-australia-becomes-an-asx-clearing-participant/">futures clearing and trading participant</a> on the Australian Securities Exchange to offer services to wholesale investors in the country.</p><p dir="ltr">Its focus in the Asia-Pacific region can be determined by an annual regional net revenue growth of 89 percent in the first half of 2023.</p><p dir="ltr">"We are delighted to become a trading and clearing member of <a href="https://www.financemagnates.com/tag/singapore-exchange/">SGX</a>, which is such an important exchange in the Asia Pacific," said Arthur Fan, the Head of Asia Pacific at Marex.</p><p dir="ltr">"This important membership deepens our commitment to the region and gives us even greater opportunity to offer more services to more clients and expand our investment and operations across the region."</p><p dir="ltr">A Key Partnership</p><p dir="ltr"><a href="https://www.financemagnates.com/tag/marex/">Marex </a>is headquartered in the United Kingdom and operates a diversified financial services business focused on liquidity, market access, and infrastructure services. The company's clientele primarily comprises energy, commodities, and financial market participants. In July, Marex appointed Graham Francis as its Chief Operating Officer, who joined the organization from TP ICAP.</p><p dir="ltr">According to the company, it <a href="https://www.financemagnates.com/institutional-forex/marex-witnesses-29-yoy-jump-in-net-revenues-during-h1-2022/">ended the first half of 2023</a> with more than $11.8 billion in customer assets, clearing on 57 exchanges.</p><p dir="ltr">"Our strategy is to increase our capabilities to connect clients to markets in new ways across more geographies," Ian Lowitt, the CEO of Marex. "This new membership allows us to both increase our clearing capabilities and our footprint in Asia Pacific. Singapore is a strategically important financial hub where we will continue to enhance our offering in line with our clients' evolving needs."</p>

This article was written by Arnab Shome at www.financemagnates.com.