The dawn of Australia’s new futures exchange, FEX Global

Rick Steves

FEX Global has partnered with CME Clearing to act as the counterparty in the trades. The firm’s reputation within the industry will certainly back FEX Global’s first steps and ensure its Asia-Pacific customers are being offered world standard clearing services.

Australia is about to have a new exchange catering to the APAC region. FEX Global will offer centrally cleared futures and options for the energy, environmental, and commodity product classes.

To be launched on March 26, 2021, the futures exchange aims to optimize hedging and risk management for market participants by providing futures and options for both commodity and energy markets, as well as emerging renewable energy and environmental markets.

“Asia Pacific is the world’s fastest-growing region. This growth has been accompanied by an exponential pace of modernization and maturity of financial market participants”, said Brian Price, FEX Global Executive Chairman. “Our region can be further serviced by regulated, counterparty guaranteed market infrastructure.”

“It is our aim to help ignite the opportunities for risk management in energy, commodity, and environmental markets. This, alongside the work being done by other exchanges, will enable the region to maximize its potential for stable economic growth.

“Australia too is undergoing a profound and accelerating pace of change in new energy sources. This environmental asset class and new energy initiatives deserve, at a minimum, the same level of market integrity and product availability that is mandated for traditional energy and commodity markets”, Mr. Price added.

FEX Global has partnered with CME Clearing to act as the counterparty in the trades. CME Clearing’s reputation within the industry will certainly back FEX Global’s first steps and ensure its Asia-Pacific customers are being offered world standard clearing services.

Sunil Cutinho, President, CME Clearing said: “We are delighted to be working with FEX Global in Australia to extend central clearing in the Asia-Pacific region and we look forward to delivering CME’s clearing solutions to FEX customers.”

The futures exchange will open with futures and options in Australian Power, Australian dollar iron ore, Japan, and ESPO crude. In Q3 2021, FEX Global will add gas, solar, battery storage, environmental contracts, LGC, ACCU subject to the relevant regulatory approvals.

Read this next

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

<