FEX wins new market licence, LCH to clear and settle trades on FEX market THE government has granted Financial and Energy Exchange Global a licence to operate a new derivatives market in Australia. The government also granted LCH.Clearnet a licence to clear and settle contracts traded on the FEX market, Minister for Financial Services and Superannuation Bill Shorten said. It is the first non-ASX clearing licence issued in Australia for a significant market.