FCMs report client queries after Marex short-seller allegations
Chief executive rebutted Ningi Research charges of opaque accounting on quarterly results call
Three rival futures commission merchants (FCMs) say clients they share with Marex Group have made inbound queries about allegations against the firm, published at the start of August by short-seller Ningi Research. Some clients were checking if they could transfer clearing funds from Marex to other FCMs, according to the sources.
The competitors are divided on the Ningi allegations. One source
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