Marex muscles in on big banks in battle for clearing
The LME crisis and Brexit have thrust clearing into the spotlight. Now Marex wants more of the action
Ian Lowitt wants to gain share in a 'reliable, high margin business'
In the battle for clearing business, big banks are facing a new and unexpected competitor.
Clearing is a necessary part of a trade’s lifecycle, taking risk out of a transaction by acting as both buyer and seller. It is seen as a cost of doing business by most trading firms, but a lucrative opportunity by others.
London-based Marex, which started...
