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Marex to Offer Client Clearing of Interest Rate Swaps via LCH SwapClear Service

Marex to Offer Client Clearing of Interest Rate Swaps via LCH SwapClear Service


Marex Group plc. (Marex), a diversified global financial services platform, has announced its plan to provide client clearing of interest rate swaps through the LCH SwapClear service, marking its entry as the first non-bank Futures Commission Merchant (FCM) clearing member.

Subject to final approval, Marex is expected to join LCH’s SwapClear service on July 15, 2024, aligning with one of the world’s largest interest rate swaps clearing houses.

Thomas Texier, Group Head of Clearing at Marex, remarked,

“Our entry into interest rate swap clearing is a significant move given the size of this market and complements our existing clearing offering. Recent consolidation in the interest rate swaps clearing market has heightened the need for new players. Our clients will be empowered to trade with greater confidence using Marex’s robust balance sheet, comprehensive end-to-end offerings and our consistent delivery on excellent client service.”

According to the Group’s announcement, Marex’s entry into client clearing of interest rate swaps extends its current clearing memberships in energy, commodity, and financial markets, highlighting its commitment to enhancing its platform and supporting clients. Marex’s non-bank clearing solution is broker-neutral, offering clients flexibility to complement existing bank relationships.

Additionally, Marex launched its initial public offering (IPO) on the Nasdaq Global Select Market in April this year, offering a total of 15,384,615 ordinary shares under the ticker symbol “MRX.”

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