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Marex muscles in on big banks in battle for clearing
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fnlondon.comIn the battle for clearing business, big banks are facing a new and unexpected competitor.
Clearing is a necessary part of a trade’s lifecycle, taking risk out of a transaction by acting as both buyer and seller. It's seen as a cost of doing business by most trading firms, but a lucrative opportunity by others.
London-based Marex, which started...
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