London, 23 August 2017
Macquarie Group ("Macquarie) (ASX: MQG; ADR: MQBKY) announces that its subsidiary Macquarie Bank International Limited has become a General Clearing Member (GCM) of the Nasdaq OMX Commodities Europe exchange (the "exchange"), enabling Macquarie's Futures Division to conduct clearing of transactions on one of Europe's largest commodities exchanges.
GCM status strengthens Macquarie’s position as a full service provider in European commodity trading and offers clients a comprehensive solution for one of the most important exchanges in Europe.
Becoming a GCM of the exchange enables Macquarie to perform clearing for clients and non-clearing members across a full range of products cleared on Nasdaq OMX Commodities Europe.
Macquarie is a global, full service, futures broker with more than 30 years’ track record in the futures industry. With a global network of desks and market-leading electronic execution platforms, Macquarie’s Futures Division provides 24-hour execution and clearing coverage of all major markets.
Ian Johnson, Head of Macquarie Futures in Europe said: “As a leading provider of execution and clearing services on more than 50 exchanges globally with over $US6 billion in futures client funds under management, Macquarie’s membership of the Nasdaq OMX Commodities Europe exchange will enhance our global, 24-hour offering.”