Global commodities broker Marex Spectron has announced that it has received approval on its application from the UK's Financial Conduct Authority (FCA) to operate an Organised Trading Facility (OTF) under MIFID II from January 3, 2018. MiFID II introduces a new category of trading venue called OTFs. An OTF is a multilateral system that is not…
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Global commodities broker Marex Spectron has announced that it has increased the size of its working capital facility from $105 million to $115 million, with the Barclay’s Bank unit of Barclays PLC (ADR) (NYSE:BCS) increasing the size of its commitment from $15 million to $25 million. Alongside Barclays Bank, the other participants in the facility are…
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Marex Spectron, the global commodities broker, today announced record profits before tax of $27.0 million for the year through to 31 December 2016, a 53% increase on the $17.6 million reported in 2015, and maintains the firm’s positive earnings trajectory. Adjusted EBITDA for the year was also a record $37.1 million, compared with $31.0 million…
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Marex Spectron, the global commodities broker, today announced the appointments of Christopher Grosso, Christopher Moster, and Brian Vooletich to the US Power broking team, reporting to Hunter Baldwin, Marex Spectron Managing Director and Head of North America. Grosso and Moster spent 15-years working together at Tullett Prebon, and Vooletich joins from Starfuels after seven years…
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Marex Spectron, the global commodities broker, today announced the appointment of Jarrad Lewis as US Head of Natural Gas Liquids (NGL). Lewis is based in the Houston office and reports to Hunter Baldwin, Marex Spectron Managing Director and Head of North America. Lewis was previously at ION, where he was the Co-Head of the NGL…
Read moreGlobal commodities broker Marex Spectron has continued to build its presence in Asia with the appointment of Matthew France (pictured at left) as Head of Institutional Sales, Metals, in Asia. Matthew France joins Marex Spectron from Morgan Stanley (YSE:MS) where he was an Executive Director managing the firm’s Asian Metals business. Reporting into the Global Head…
Read moreMarex Spectron, the London based globally regulated commodities broker, has posted a record Operating Profit of $23 million for the year ended 31 December 2015, up from $15 million in 2014. EBITDA increased to $31 million from $25 million in 2014. Gross revenues were $348 million, compared with $368 million in 2014. However, costs were…
Read moreA video has been released showing 23 year old trader at Marex Spectron who was forced to eat 8 hamburgers in 60 minutes whilst baying colleagues placed bets
Read moreForex Weekly Look Back from week of September 1st (In case you missed it!) Stay tuned to LeapRate... Marex Spectron| https://www.leaprate.com/3ThqW IronFX | https://www.leaprate.com/Runf8 OANDA | https://www.leaprate.com/FEVNa SpotOption | https://www.leaprate.com/jWOcH SafeCharge | https://www.leaprate.com/hCTRC Op-ed |https://www.leaprate.com/9mzga Hedge funds | https://www.leaprate.com/ACu8g FXCM | https://www.leaprate.com/cAKvI
Read moreAfter a decade, commodities-focused brokerage house Marex Spectron closed the doors on its FX business last week
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