Hidden Road, the global credit network for institutions, has launched listed derivatives clearing, starting with CME Group products
Hidden Road, the global credit network for institutions, today announced that it has extended its credit intermediation, clearing and financing offerings to cover listed derivatives markets through the firm’s U.S. entity, Hidden Road Partners CIV US LLC, a registered futures commission merchant (FCM). The listed derivatives business is starting with CME Clearing (NASDAQ: CME) as its first venue and will be expanding venue and clearinghouse coverage globally over the coming months.
“Extending our services to cover listed derivatives is a significant step in our mission to provide comprehensive clearing across venues, products and asset classes,” said Alex Kallelis, Head of Business Development, Americas at Hidden Road. “Operating as an FCM clearing member of CME Clearing enables more efficient market access for our clients across a full spectrum of traditional and digital asset classes.”
Hidden Road solves many of today’s problems in credit intermediation and prime brokerage caused by legacy technology, archaic workflows and conflicts of interest. Among these problems is the difficulty that institutional investors have in obtaining the credit and financing they need to trade efficiently across fragmented global markets. Adding listed derivatives, starting with products cleared by CME Clearing, represents a natural evolution for Hidden Road, driven by client demand for an expansion of the firm’s offerings.
