Marex and NatWest Link Up for Margining

As regulation continues to bite in some FX markets, broker-dealer Marex and NatWest have announced a link up to deliver a new cross-margining solution.

The firms say the new service enables clients who trade FX futures through Marex, and use NatWest’s FX prime brokerage service, will now be able to receive margin relief across both portfolios. The move enables both companies to expand their service offerings, they add.

“This collaboration means we are able to gain access to new clients and provide them with our clearing service,” says Terry Hollingsworth, global head of futures and OTC clearing sales at Marex. We are providing our clients with access to a margin offset for their FX prime brokerage services, complementing our own prime services offering.”

Marcus Butt, global head of prime services, NatWest, adds, “Clients have their preferred providers for specific services and this solution allows them to benefit from collateral optimisation while maintaining their existing relationships.”