Marex Spectron expands equity derivatives clearing offering

December 14, 2020

Marex Spectron today announced that it has become a trading privilege holder of Cboe Futures Exchange (CFE) and a clearing member of The Options Clearing Corporation (OCC).

 

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Marex Spectron, the global commodities specialist, today announced that it has become a trading privilege holder of Cboe Futures Exchange (CFE) and a clearing member of The Options Clearing Corporation (OCC). 

Today, Marex Spectron’s execution and clearing membership covers 37 major global exchanges.

By adding CFE’s volatility and corporate bond index futures to its list of products, with trades cleared by OCC, Marex North America can now provide clearing services and execution services for all major US Futures exchanges and clearing houses. 

This further supports Marex Spectron’s strategy to expand its offering in equity-related products, on the back of its recent acquisition of X-Change Financial Access (XFA) in November.

Ram Vittal, Chief Executive Officer of Marex North America, commented: “These are important high-volume products to add to our product mix. This is also a part of our broader North American growth strategy, which is about expanding the range of offerings for our clients and bolstering the firm’s physical presence in the region.”

Michael Mollet, Vice President, Head of Futures, Cboe Global Markets, added: “We are pleased to add Marex North America to our growing list of customers.  We look forward to the access that Marex North America will provide to market participants around the world to trade and hedge using CFE’s products, including VIX futures and corporate bond index futures.”

 

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