October 15, 2018

First Dubai-based member joins CurveGlobal

  • ED&F Man Capital Markets MENA Limited joins LSEDM as member to trade CurveGlobal products
  • London Stock Exchange plc recognised by Dubai Financial Services Authority to accept participants from the Dubai International Finance Centre
  • Growing momentum behind CurveGlobal platform - 100% growth in open interest in last six months

CurveGlobal, the interest rate derivatives platform, today announces that ED&F Man Capital Markets MENA Limited has joined as a member of London Stock Exchange Derivatives Market (LSEDM) member to trade CurveGlobal products. They are the first Middle-Eastern member on the platform following London Stock Exchange plc’s approval as a Recognised Body by the Dubai Financial Services Authority (DFSA) in July 2018. This allows participants based in the Dubai International Finance Centre (DIFC) to trade CurveGlobal products directly. ED&F Man Capital Markets is a global financial brokerage business offering direct access to global capital markets.

Andy Ross, Chief Executive, CurveGlobal said:
“We’re delighted to welcome ED&F Man Capital Markets MENA Limited as the newest member of LSEDM to access CurveGlobal products and the first from the Middle East region. CurveGlobal is fundamentally changing the infrastructure of the futures market providing the ability to trade futures from anywhere. We continue to see growing momentum behind the platform recently achieving 5% market share in the short sterling open interest as well as significant growth in the number of blocks being traded. CurveGlobal stands for choice and we are committed to working with the market to deliver genuine competition to the futures markets.”

Sharaz Husain, Senior Executive Officer, ED&F Man Capital Markets MENA Limited said:
“We are excited to not only become the first MENA based member of LSEDM but also the first in the region to access CurveGlobal products. CurveGlobal is proving to be an efficient interest rate derivative offering  and we look forward to accessing their growing liquidity pool.”

CurveGlobal recently celebrated its second year of operation on 26 September. Since 2016, the platform has seen 4,364,200 lots traded with over 100% growth in open interest in the last six months. The momentum behind CurveGlobal reflects a growing appetite for more capital-efficient and open alternatives to existing derivatives trading services. CurveGlobal addresses several of the biggest customer concerns, including the inability to have a choice of where to clear (and optimise) trades, as well as the increasing costs associated with market data.

CurveGlobal was launched by London Stock Exchange Group in partnership with Cboe and a number of major dealer banks*. 

*Major dealer banks: Bank of America Merrill Lynch, Barclays, BNP Paribas, Citi, Goldman Sachs, J.P. Morgan and Societe Generale

About LSEG

LSEG (London Stock Exchange Group) is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. 

LSEG is headquartered in the United Kingdom, with significant operations in 70 countries across EMEA, North America, Latin America and Asia Pacific. We employ 23,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.

For further information:

Lucie Holloway/ Chris Loscher
+44 (0)20 7797 1222