Marex has been selected by the Electricity Authority (EA) of New Zealand to provide an over-the-counter (OTC) trading platform for the country’s standardized super-peak electricity contract, expanding the infrastructure supporting the local energy derivatives market.

The decision follows the EA’s consultation process around the regulation of standardized super-peak contracts, where there was a need for a more advanced OTC trading platform. The initiative is to improve market transparency, liquidity, and confidence while complementing the country’s existing exchange-traded electricity market.

According to Marex, the platform will support not only super-peak contracts but also standard electricity products including base load and peak load contracts, alongside tailored energy trading solutions. The company said its selection was based on its operational capabilities, market experience, and ability to meet future industry requirements.

Marex Selected by New Zealand Electricity Authority for OTC Platform

Marex said the platform is already operational, with client onboarding currently underway. The existing fortnightly super-peak trading sessions are going to transition onto the Marex platform by July 31, 2026.

Nigel Brunel, Managing Director for New Zealand at Marex, said the country’s electricity market experiences considerable price volatility, creating demand for stronger risk management tools and broader market participation.

He stated that Marex’s platform is going to improve liquidity and transparency across the OTC energy market while helping participants manage price fluctuations more effectively. Brunel also noted that Marex Group can provide credit solutions that may allow additional counterparties to access the market and execute transactions.

Arthur Fan, CEO APAC at Marex, said the development reflects the company’s ongoing expansion across the Asia-Pacific region. He added that Marex is leveraging its international experience and industry expertise to introduce new products and services into regional markets.

Marex operates as a global financial services platform offering liquidity, market access, and infrastructure services across more than 60 exchanges worldwide. The company employs over 3,000 staff across more than 50 offices globally, including its New Zealand office, which opened in July 2024.

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