SYDNEY--(BUSINESS WIRE)--G. H. Financials (GHF), an independent clearing firm for exchange-traded derivatives, announced today that they had been approved for Trading Participation of ASX 24, and in an industry first, had also been approved as a fully remote Clearing Participant of ASX Clear (Futures).
Steve Martin, G. H. Financials COO, states, "G. H. Financials is delighted to join the Australian Securities Exchange (ASX) as a Trading and Clearing Participant and we are honoured to be selected as the first clearing participant based outside of Australia. Our European and U.S. based clients can now access one of the world’s premier derivative exchanges through a local counterparty that benefits from direct participation. GHF will be able to offer significant improvements in current risk management and service delivery practices, simply because we are fully active in our clients' time zones.
"As a firm we offer market access, execution and clearing services on the major derivatives exchanges and we continually look to expand our exchange access to provide clients with additional trading opportunities. We are grateful to ASX for allowing us to offer their market place using this innovative remote participation structure."
G. H. Financials is a provider of global clearing solutions for exchange-traded futures and options contracts to the world’s leading derivatives markets. G. H. Financials has provided market access and clearing services to professional traders and institutions around the globe since 1993.
GHF clears on over twenty-five exchanges globally and have been consistently one of the largest clearing members on the European and US futures exchanges. G. H. Financials is headquartered in London and operates subsidiary businesses in both Chicago and Hong Kong.
About the Australian Securities Exchange (ASX)
ASX is one of the world’s leading financial market exchanges, offering a full suite of services, including listings, trading, clearing and settlement, across a comprehensive range of asset classes.
As the first major financial market open every day, ASX is a world leader in raising capital, consistently ranking among the top five exchanges globally.
With a total market capitalisation of around $1.5 trillion, ASX is home to some of the world’s leading resource, finance and technology companies. Its $47 trillion interest rate derivatives market is the largest in Asia and among the biggest in the world. For more information about the Australian Securities Exchange (ASX): www.asx.com.au