Marex Spectron acquires Starsupply and rebrands to Marex

Rick Steves

The announced rebranding has no bearing on the company’s legal registered entities which remain unchanged. Subsidiary companies will all retain their existing brand names, whilst the Spectron brand continues within the energy brokerage division.

Marex Spectron has decided to rebrand to Marex as simplifying the name and introducing a new logo is a clearer reflection of today’s wider business mix. The new website, marex.com, was launched earlier this month.

The former name dates back to 2011, when Marex acquired Spectron, the OTC energy broker. The business has since vastly increased in scale, scope, and headcount, with multiple new offerings and business lines.

The firm has most recently acquired Starsupply, a leading Rotterdam-based broker of physical oil products, as it expands its presence in specialist commodity markets.

This move follows other successful transactions completed over the past year that have included, equity derivatives firm XFA in Chicago, recycled metals market-maker Tangent Trading in London, and equity volatility market maker, BIP Asset Management in Paris.

Marex has also demonstrated success in growing acquired firms with, for example, Marquee Oil, a fuel oil physical broker which was acquired in December 2019 almost doubling its 2020 revenue under Marex’s stewardship.

The announced rebranding has no bearing on the company’s legal registered entities which remain unchanged. Subsidiary companies will all retain their existing brand names, whilst the Spectron brand continues within the energy brokerage division.

In 2019, Marex completed the acquisition of the customer business of Chicago-based Rosenthal Collins Group LLC. Through the acquisition, Marex Spectron maintained the RCG name and brand, 14,000 client accounts and balances, 150 associated staff and the Chicago headquarters.

The acquisition enhanced Marex Spectron’s business, with the addition of RCG’s history, brand, expertise, large client base and extensive introducing broker network.

The deal also expanded Marex Spectron’s agriculture business, which is based in London and New York, and has historically been more focused on sugar, cocoa, and coffee markets, with the addition of RCG’s presence in grains and livestock. Furthermore, the deal will take Marex Spectron’s US clearing offering to a broader client base.

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<