U.S. Treasury Securities Delivery Completed Successfully on FMX Futures Market via Marex
In the dynamic world of financial markets, Marex Group is making waves as a leading non-bank alternative to traditional investment banks. The British firm has been at the forefront of innovation, partnering with J.P. Morgan and hedge fund Brevan Howard to leverage Kinexys' digital wallets for instantaneous payments and blockchain technology to settle client margins.
The journey began in September 2023 when FMX Futures Exchange, a joint venture by BGC Group and a consortium of investment banks and trading firms, was launched. Since then, the exchange has seen remarkable growth, with average daily volume and open interest reaching record levels during the second quarter of 2025.
One of the key factors driving this growth is the acquisition of Aarna Capital Limited, a multi-asset brokerage firm based in Abu Dhabi, which has boosted the number of contracts cleared for Marex. This strategic move has positioned Marex as one of the largest clearers on the FMX Futures Exchange.
Steve Hood, head of clearing, US at Marex, confirmed the company's commitment to the new exchange, stating that Marex has been clearing on the platform since day one. Hood also highlighted that repo clearing, while a challenge for the market, will be harder on firms' balance sheets compared to cash treasury clearing.
Marex made history in 2024 when it cleared the first U.S Treasury delivery on FMX Futures Exchange. This milestone was celebrated by Robert Allen, president of FMX Futures Exchange, who called the event a significant moment for the exchange.
The incoming SEC mandate for US Treasury clearing is expected to add volumes to Marex's existing processes. The ongoing negotiations between FMX Futures Exchange and other clearinghouses indicate efforts to expand or improve clearing services and collaboration within the futures trading market.
The launch of US Treasury futures on FMX Futures Exchange in May 2025 is expected to bring greater diversity and resilience to a consolidated market. Derivatives professionals believe there are margin savings that can be realized between their US dollars swaps and US dollar futures by cross-margining offsetting positions.
In the first half of this year, Marex reported that clearing revenue increased by 15% to $258m with growth across all revenue lines. This growth is a testament to Marex's strategic moves and commitment to innovation in market infrastructure.
Moreover, Marex's position as a leading non-bank futures commission merchant is further solidified by its investment-grade credit rating, making it one of the few in its category to hold such a distinction.
The partnership between Marex and FMX Futures Exchange enables Marex to send and settle due funds instantaneously, 24/7 using J.P. Morgan's stablecoin JPM Coin. This groundbreaking technology is set to revolutionise the financial industry by offering faster and more efficient transactions.
As Marex continues to innovate and grow, it is clear that the firm is at the forefront of shaping the future of financial markets. With its commitment to repo clearing, strategic partnerships, and cutting-edge technology, Marex is poised to lead the way in the evolving landscape of financial services.
Read also:
- Linde Wins Major Engineering Design Contract for Equinor's Low Carbon Hydrogen Project at H2H Saltend, Progressing Towards a Greener Future
- Economic Growth of Nitric Acid for Electronic Applications Anticipated to Reach 5.8% by 2034
- Stock markets in Asia experience a surge following a record-breaking rally in U.S. stocks, fueled by optimism towards potential interest rate reductions.
- Dazzling Accomplishment: Constructing a £5m Venture by Age 25
