Global exchange operator with US-based headquarters and key national stock exchange under its brand name, Nasdaq, announced that Straits Financial has become an approved Futures Commission Merchant (FCM) for its US-based Designated Contract Markets (DCM) including trading for Futures and Options on Energy markets, and key energy benchmarks.
“Straits Financial can now provide an even greater range of energy derivative products to meet the investment and hedging needs of our clients in the U.S. and those in Asia through our Straits Group affiliates,” said Joseph Mazurek, President of Straits Financial LLC, commenting in the press release. “This opens up opportunities for Straits Financial to serve this marketplace and take our business to new levels. It is an excellent new development for Straits Financial.”
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“The addition of Straits Financial emphasizes the continued strong interest from a wide variety of market participants, including Straits Financial’s broad customer base, from all regions around the globe,” said Magnus Haglind, Vice President of Global Trading and Market Services and CEO of Nasdaq Futures. “We are pleased to welcome Straits Financial to our platform and look forward to continuing our partnership in the years to come.”
Straits Financial LLC is headquartered in Chicago and registered with the Commodity Futures Trading Commission (CFTC) as an FCM and member with the National Futures Associaton (NFA), and maintains a wide range of clearing memberships with various exchanges in the US and abroad. The company is a subsidiary of Straits Financial Group (SF Group) and is the brokering division of a parent company CWT Limited – which is one of the largest publicly-listed logistics companies in South East Asia.