London based global commodities broker Marex Spectron has just announced that it has completed the acquisition of commodity trading firm CSC Commodities UK Limited (CSC) from BGC European Holdings LP.
CSC will continue to operate under its existing brand name and through the entity CSC Commodities UK Limited.
Ian Lowitt, Chief Executive of Marex Spectron, commented:
Acquiring CSC is an exciting development for Marex Spectron that adds a successful energy market making and trading team with an impressive long-term track record. They are a great fit with our existing businesses in Metals and Agriculture where we have industry leading market making franchises, and there are exciting opportunities to develop the business into new markets.
Bastien Declercq, Chief Executive of CSC, added:
We are delighted to be joining Marex Spectron; it’s an excellent fit for our business. As part of a world leading commodity focused business, we gain access to a new range of products, infrastructure and geographies that will help us expand our business and diversify our operations.