Tag: Marex Spectron

CFTC penalty
September 25, 2020 BY Steffy Bogdanova

Marex to pay $370K to settle charges with the CFTC

The CFTC requires Marex and Marex Spectron to pay a fine in the amounts of $250,000 and $120,000, respectively. Both entities would also cease and desists form any further violations of the regulations. Division of Enforcement Director James McDonald commented: The Division of Enforcement will remain vigilant in enforcing minimum capital requirements for registered entities…

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Acquisition
July 29, 2020 BY Steffy Bogdanova

Agricultural brokerage Matthews Group joins Marex North America

Marex recently appointed Ram Vittal as CEO of Marex North America following the firm’s February 2019 acquisition of the customer business of Rosenthal Collins Group (RCG). Vittal commented: We are very focused on expanding our North America business and are delighted to add the capabilities and deep experience of Craig and his team. The breadth…

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April 27, 2020 BY Steffy Bogdanova

Marex Spectron reports record results in financial yearly metrics

Other highlights of 2019 include: Establishing a Central Bank of Ireland regulated entity in Dublin as the European Headquarters to ensure client continuity post Brexit. Expansion of Marex Solutions, the corporate hedging and structured notes business. The division marked a 168% increase in net revenue to $18.8 million, The company received S&P Global Ratings endorsement,…

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acquisition
December 24, 2019 BY Valentina Kirilova

Marex Spectron acquires Marquee Oil Broking Limited

Global commodities broker Marex Spectron has just announced that it has acquired the company Marquee Oil Broking Limited, a specialist provider of physical fuel oil broking services. The acquisition includes the founder Adam Trehane, who set up the business in 2014, one director and two senior brokers. Marex Spectron energy has a share across multiple…

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Marex Spectron launches Marex Financial Products structured note business
September 18, 2019 BY Valentina Kirilova

Marex Spectron launches Marex Financial Products structured note business

Marex Spectron, the global commodities firm, has announced that it has launched Marex Financial Products. Marex Financial Products is a structured note business that broadens its range of product offerings and helps diversify the firm’s funding and is part of Marex Solutions, the firm’s OTC derivatives arm. Marex Financial Products leverages Solutions’ fintech platform which…

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acquisition
February 11, 2019 BY Valentina Kirilova

Marex Spectron completes acquisition of Energy Broking Ireland Limited

Global commodities broker Marex Spectron has just completed the acquisition of the Irish energy broker Energy Broking Ireland Limited (EBI). Marex Spectron has returned to FX markets with a new platform back in October 2018. Last month, the broker announced another acquisition of Rosenthal Collins Group’s customer business. Marex Spectron started the acquisition process last month, just one day after completing…

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