The Rise of Non‑Bank FCMs | The Marex Market Pulse Podcast

What is driving the rise of non-bank FCMs in global clearing markets? In this episode of the Marex Market Pulse podcast, John Frewin, Global Head of OTC Clearing Sales at Marex, explores the structural shifts reshaping the clearing landscape and why non-bank FCMs are becoming increasingly important in the global derivatives ecosystem. As regulatory pressures, capital requirements, and market demand evolve, traditional bank clearing models are changing. Non-bank providers are stepping in to offer flexibility, innovation, and additional capacity across both listed and OTC derivatives markets. Topics covered include: • Why non-bank FCMs are gaining market share • Key differences between bank and non-bank clearing models • How clients are diversifying clearing relationships • Innovation across commodities, derivatives, and digital assets • The impact of Basel III on clearing capacity and costs This episode provides insight into how clearing markets are evolving and what it means for institutions navigating risk, regulation, and access to global derivatives markets. Subscribe for more market insights from Marex:    / @marex-group   Contact Marex to learn more: https://www.marex.com/contact-us?utm_... #Derivatives #ClearingMarkets #FCM #FinancialMarkets #Marex