LONDON--(BUSINESS WIRE)--G. H. Financials (“GHF”), a leading independent clearing provider of exchange-traded derivatives, has been named as Non-Bank Futures Commission Merchant (“FCM”) of the year by Futures and Options World (“FOW”).
The FOW International Awards are designed to recognise the pioneers of the global derivatives industry across a range of categories and disciplines. In recognition of the company’s growth, achievements and focus on customer service, GHF has been voted Non-Bank FCM of the year.
While some banks pull back from certain markets in the face of increased regulation and capital charges, a number of non-bank FCMs are picking up the slack. Leading the field among these, according to the judges, is G. H. Financials, which has grown its volumes despite a downturn in derivatives trading last year. Cleared volumes grew by 40% year-on-year and GHF has expanded its client base in its traditional markets, as well as in Asia and even Africa. One judge said the firm “had taken a big leap forward” this year while another said “I just keep hearing good things about G. H. Financials”.
Will Mitting, Publisher at FOW, stated “2014 was a tough time for the global derivatives market and any firm that grows its volumes in the current climate is worthy of recognition. G. H. Financials won out in a highly competitive field in part for its growth but also because of its innovation in developing new markets.”
G. H. Financials offers market access, execution and clearing services on the major derivatives exchanges. The company achieved record cleared volumes during its last financial year and obtained several new memberships globally. Most recently, GHF received GCM Membership Status at Eurex and memberships at both CME Clearing Europe and CME Europe.
Mark Ibbotson, CEO of G. H. Financials, said “It is our honour to be presented with this prestigious award by FOW. G. H. Financials is committed to deliver new markets and opportunities to our clients around the world and this tribute recognises our leadership and commitment to the global derivatives industry.”
About G. H. Financials
G. H. Financials has provided market access and clearing services, on international derivatives exchanges, to professional traders and institutions around the globe since 1993. In the last twelve months, the company has cleared close to 300 million contracts on over 25 exchanges globally and has been consistently one of the largest clearing members on the major European and US futures exchanges.
G. H. Financials is an organisation of three separately capitalised companies based in Chicago, London and Hong Kong. For further information visit http://www.ghfinancials.com/ or contact: Mark Phelps +1 312 544 0316 ext. 2102 mark.phelps@ghfinancials.com.
About FOW
FOW is a media outlet focused on the global cleared derivatives market. Owned by Euromoney Institutional Investor plc, FOW publishes a quarterly print magazine, operates the FOW.com news and analysis platform and runs a portfolio of global events.
