FEX - Financial and Energy Exchange Group

FEX Global

FEX Global seeks to serve the risk management and trading needs of global customers, with particular emphasis on participants based in the Asia-Pacific region. FEX Global will provide and operate a broad range of energy, commodity and environmental futures and options products.

FEX Global offers innovative product development, relevant technology and a superior level of service that focuses on creating real trading and risk management opportunities within the Asia-Pacific region.

Regulation

FEX Global FEX Global has been granted an Australian Market License by the Minister under s795B of the Corporations Act (the Act), enabling it to offer energy, commodity and environmental derivative products. Subject to regulatory approval, FEX Global’s markets will be cleared by CME Clearing.

Technology

FEX Global uses NasdaqOMX matching engine technology to provide its customers and members with enhanced capability to facilitate the most demanding and complex trading requirements. The FEX Global matching platform offers customers connectivity options that include bespoke applications and the applications of all major ISV suppliers via both FIX and native API options.

Products

FEX Global will provide and operate a wide range of energy, commodity and environment based futures and options contracts focused primarily at servicing the Asia-Pacific region. Asian, US and European investors will have the opportunity to manage and trade risk that is more accurately aligned to the underlying energy and commodity raw materials that are produced, exported and consumed in the region.

Clearing

The FEX group has partnered with leading global clearing house CME Clearing to provide clearing services for the FEX derivatives market (subject to regulatory approval). Together, FEX and CME Clearing offer a globally competitive licensed marketplace based in Sydney, Australia, providing participants and market users comprehensive and innovative derivative risk management products. The partnership with CME Clearing will offer FEX group customers the benefits of global scale and distribution, as well as the potential for capital efficiencies.

About CME Clearing

CME Clearing, a member of the CME Group, is one of the largest central counterparty clearing services in the world and provides clearing and settlement services for exchange-traded and over-the-counter derivatives. The CME Group exchanges offer market services in the widest range of global benchmark products across all major asset classes including interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.

CME Clearing is a guarantor of every transaction that happens on markets it supports, providing unparalleled safety and soundness for customers. In offering clearing and settlement services, CME Clearing limits accumulation of losses or debt with twice daily mark-to-market settlement, and is responsible for settling trading accounts, clearing trades, collecting and maintaining performance bond funds, regulating delivery and reporting trading data.

The CME Groups origins date back to 1848 with the establishment of the world’s first futures exchange, based in Chicago.