FEX Global

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FEX Global
Fexglobal jl.gif
Founded 2006
Headquarters Sydney, Australia
Key People Brian Price, Executive Chairman
Products Energy, Commodities, Environmental Derivatives and Swaps
Website http://www.fex.com.au/

The Financial and Energy Exchange Group (FEX Group) is an Australian market structure design and operations company established in 2006. Its business aim is to build and operate regulated and globally competitive licensed marketplaces for derivative products, with a focus on commodity, energy and environmental asset classes.

FEX uses Nasdaq technology for its futures market trading engine and a proprietary trading technology for its Mercari swaps execution facility. FEX Global’s markets are cleared by CME Clearing, with approval from the Australian Securities and Investments Commission (ASIC) and the US Commodity Futures Trading Commission.[1][2][3][4]

FEX markets are regulated by ASIC as well as through the Reserve Bank of Australia's oversight of financial system stability.

Mercari OTC Swap Execution Facility

The FEX Group owns a 100 percent interest in the licensed OTC swap execution facility known as Mercari Direct.

Mercari was established in 2005 and since January 2011 has been licensed to offer OTC markets in commodity, energy, interest rate, foreign currency and environmental product. Mercari uses the Mercari eSEF technology to operate the market place and is supervised by ASIC. Further information can be found at www.mercari.com.au.

FEX Global

FEX Global was granted an Australian Market License by the Australian Government under s795B of the Corporations Act, enabling it to operate regulated markets in energy, commodity and environmental derivative products.

The FEX group partnered with CME Clearing to provide clearing services for the FEX derivatives market.

Key People

References

  1. FEX global confirms CME Clearing Europe as clearing service provider. FEX Global.
  2. About FEX Group. FEX Group.
  3. Chicago Exchange giant clears deal with FEX to compete with ASX. Michael West.
  4. Australian CS Facility License. ASIC.