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client default

The companies, products and regulatory developments shaping the broker industry.

One natural-gas client default carried a $33.9 million gross impact for Marex

The January event equalled more than 15% of nine-month clearing profit, but the company has not disclosed the position, collateral shortfall or client identity

9 Nov 2026Analysis7 min read

Financial results

Marex’s natural-gas client default cost US$33.9m across two accounting lines

The disclosed event combined a $28.2 million trading loss with a $5.7 million credit provision—and cannot be reconstructed from either line alone.

8 Nov 2026Analysis9 min read