other material
confidence high
sentiment neutral
materiality 0.15
UGA adds ADMIS as futures commission merchant; Marex accounts consolidated
United States Gasoline Fund, LP
- On Aug 8 2023, entered Customer Account Agreement with ADM Investor Services as additional FCM.
- ADMIS will execute and clear commodity futures trades for UGA; commissions to be paid per agreement.
- Marex North America transferred its futures clearing business to affiliate Marex Capital Markets on July 14 2023.
- UGA's MNA and MCM futures accounts consolidated; MCM assumed existing customer agreement rights and obligations.
- No material impact on UGA's operations is anticipated from the Marex internal reorganization.