FEX - The Financial and Energy Exchange Group

At its core, FEX Mercari is an over the counter (OTC) market structure operator and infrastructure development. Mercari is also an inter-dealer broker firm that specialises in facilitating transactions in interest rate derivatives and foreign exchange over-the-counter markets. FEX Mercari’s clients include global banks and financial institutions, energy firms and utilities companies.

Operating as a wholly-owned subsidiary of FEX, Mercari supports FEX's strategic plans to develop the leading Asian electronic marketplace for energy, commodity, financial and environmental products.

Mercari is licensed to operate markets in Australia through its Australian Market Licence (AML). Mercari is the only licensed OTC market operator in Australia for Interest Rate and Forward Foreign Exchange OTC deals. Mercari also holds an Australian Financial Services Licence (AFSL) enabling it to advise on Financial Product trading.

The FEX Mercari team enhances FEX’s OTC sales and marketing efforts as FEX works to bring the value and benefits of electronic trading, (including speed, efficiency and transparency) to the OTC energy, commodity, financial and environmental markets.

Participation in FEX Mercari OTC markets depends on the underlying product. For example, Financial products operate through an inter-dealer network whereas Environmental products operate through a broker intermediated network.

FEX Mercari operates fair and orderly marketplaces, where each participant has equal access to price quotes and trading functionality. FEX Mercari is dedicated to developing the OTC marketplaces through increasing accessibility, functionality and distribution models; thereby optimising trading operations and strategies.

The Mercari trading platforms offer numerous features to assist participants with managing their order and trade books. To increase security, each transaction is encrypted. Once a trade is completed, it is archived for 7 years with only the central system operators having access to trade records.

FEX Mercari also provides a credit management system. This allows credit and risk managers to specify and pre-clear credit for trading counter-parties.

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