Hidden Road, the global credit network for
institutions, has launched listed derivatives clearing, starting
with CME Group products
NEW
YORK, Jan. 17, 2024 /PRNewswire/ -- Hidden
Road, the global credit network for institutions, today announced
that it has extended its credit intermediation, clearing and
financing offerings to cover listed derivatives markets through the
firm's U.S. entity, Hidden Road Partners CIV US LLC, a registered
futures commission merchant (FCM). The listed derivatives business
is starting with CME Clearing (NASDAQ: CME) as its first venue and
will be expanding venue and clearinghouse coverage globally over
the coming months.
"Extending our services to cover listed derivatives is a
significant step in our mission to provide comprehensive clearing
across venues, products and asset classes," said Alex Kallelis, Head of Business
Development, Americas at Hidden Road. "Operating as an FCM
clearing member of CME Clearing enables more efficient market
access for our clients across a full spectrum of traditional and
digital asset classes."
Hidden Road solves many of today's problems in credit
intermediation and prime brokerage caused by legacy technology,
archaic workflows and conflicts of interest. Among these problems
is the difficulty that institutional investors have in obtaining
the credit and financing they need to trade efficiently across
fragmented global markets. Adding listed derivatives, starting with
products cleared by CME Clearing, represents a natural evolution
for Hidden Road, driven by client demand for an expansion of the
firm's offerings.
About Hidden Road
Hidden Road Partners is the global credit network for
institutions, enabling seamless access to traditional and digital
markets. Conflict-free and built on a modern technology stack, we
remove complexity and cost in prime brokerage, clearing and
financing. For more information, please email
info@hiddenroad.com.
Media Contact
Jennifer Berlin
Forefront Communications
hiddenroad@forefrontcomms.com
+44 (0) 7375 288 641
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SOURCE Hidden Road Partners