Marex Spectron

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Marex Spectron
Marex spectron logo 21557.jpg
Founded 2006
Headquarters London
Key People Ian Lowitt, CEO
Employees 600+
Products commodity broker in metals, energies and agriculture
Website http://www.marexspectron.com
Releases Company News

Marex Spectron is an OTC and futures commodity broker based in London, with a focus on metals, energy, emissions, ship and frieght, agriculture and FX markets. The firm acts as an OTC and futures broker and market maker in many of the markets it serves.[1][2][3]

Background

Marex Spectron was formed by the Marex Group's acquisition of Norwegian energy broker Spectron Group for £94.5 million from Imarex (International Maritime Exchange), a Norway-based freight and energy broker, in May 2011.

Marex Group was founded in November 2005 as an OTC and listed exchange broker, created by the Marathon Special Opportunity Master Fund Ltd., managed by Marathon Asset Management. In 2010, the London-based investment firm JRJ Group purchased a majority stake in Marex Group Ltd. JRJ was led by Jeremy Isaacs and Roger Nagloff.[4]

As for Spectron Group, it was founded in 1988 as an independent global OTC broker for energy. Imarex purchased the firm in 2008 for £70.35 million ($138 million) before selling it to Marex.[5] [6] [7][8]

With the merger, the company was rebranded as Marex Spectron in June 2011. It acquired the global market division of Eden Financial in July 2011 and the professional trader division of Schneider Trading Associates in May 2012.[9] [10]

In 2011, Marex Spectron became a full clearing member of the Intercontinental Exchange and CME Group, with data centers in New York and Chicago. It opened an office in Hong Kong in February 2011.[11]

In May 2016, Marex Spectron announced the launch of its first fund, Nanolytics Capital Advisors, focused on developing alternative investment products based on the firm’s Nanolytics® models.[12]

In January 2019, Marex Spectron acquired Chicago-based Rosenthal Collins Group. RCG was renamed Marex Spectron RCG Division. Jason Manumaleuna was named CEO of the division and long-time RCG chairman and CEO Scott Gordon was named vice chairman of the new division.

Marex Spectron sold off the back office departments of RCG to the Intercontinental Exchange's crypto currency-based firm Bakkt in January 2019. Bakkt acquired the back office processing systems, treasury and compliance departments, which will be used to handle payments between customers and merchants on Bakkt.[13]

[14]

Products and Services

  • The firm offers access to cleared exchanges via Marex Spectron's global network.
  • Direct access to London Metal Exchange, where Marex Spectron is a leading Category One member.
  • Proprietary technologies and tools, and Marex Spectron's NEON trading and risk platform.
  • Agricultural, metals, energy research and FX
  • OTC hedging and investment products across all asset classes through Marex Solutions.

Key People

References

  1. About Us. Marex Spectron.
  2. Marex Spectron Moves Into Ship Broking. Marex Spectron.
  3. Marex Spectron returns to FX markets. Marex Spectron.
  4. JRJ GROUP REACHES AGREEMENT TO ACQUIRE A MAJORITY STAKE IN MAREX. Marex Spectron.
  5. Norway's Imarex to acquire UK's Spectron Group. Finextra.
  6. Marex profits rise on strong derivatives trading. Financial News.
  7. Marex Financial in £94.5m deal for Spectron. Financial Times.
  8. Norway exchange Imarex buys Spectron for $138 mln. Reuters.
  9. Broker Marex Specton buys Eden Financial unit. Reuters.
  10. Marex Spectron Group to acquire the Pro-Trader division of Schneider Trading Associates. Press Release.
  11. AN INTRODUCTION TO MAREX SPECTRON. Marex Spectron.
  12. MAREX SPECTRON ESTABLISHES ALTERNATIVES BUSINESS. Press Release.
  13. Bakkt Acquisition Accelerates Plan to Streamline Consumer Payments. Fortune.
  14. Marex Spectron To Acquire Chicago-Based FCM Rosenthal Collins Group's Customer Business. Marex Spectron.