Marex Spectron Hits Top of Financial Futures & Options Exchange RankingsSeptember 4, 2013
Marex Spectron, the leading independent broker of commodities and financial products, was the second most active dealer of Euribor options on NYSE LIFFE in July and the most active in German two-year government bonds (“Schatz”) on Eurex, according to data from the exchanges.
Overall, on LIFFE Marex Spectron maintained its position as the fourth most active dealer of financial futures in July and grew its financial options business substantially in July, the latest month for which data is available.
John Wall, CEO of Marex Spectron, said: “Two years ago, Marex Spectron took the decision to invest in our financial futures and options desks, adding strategic analysis to our leading execution capability and expanding in New York. Our clients told us they wanted us to apply our ability to get business done quickly, securely and intelligently in our core commodity markets to other sectors.
“The latest exchange rankings demonstrate the strength of our financial futures and options desk, the great reputation they have built and our ability to offer a single, global, unified service to clients with diverse needs across markets and products.”
Marex Spectron has doubled its market share of Euribor options traded on LIFFE in 2013, from 8.14% in January to 16.05% in July. The firm’s total market share of all financial futures on LIFFE rose from 5.63% to 6.18% over the same period and from 6.25% to 6.76% in financial options.
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Notes to editors:
Marex Spectron is one of the world’s largest privately held brokers of financial instruments in the commodities sector and a leader in facilitating trade in physical energy products.
We are the conduit for clients transacting in raw materials and related derivatives. We do so efficiently, discretely and with confidence, on or off-exchange.
We provide liquidity in commodity markets that are frequently difficult for clients to access or that require specialist knowledge to navigate successfully.
We connect our clients to any of the world’s major commodity exchanges via state of the art networks. We provide a full suite of services to trading companies who need to outsource infrastructure and support operations.
We also broker financial futures and options, foreign exchange, fixed income and equity securities.
Our aim is to provide our clients with a global, integrated service that enables them to trade how they want to trade: by voice, on electronic platforms or through trading floors where possible.
Our clients are predominantly commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
We are members of the London Metal Exchange (where we are a Ring Dealer), the CME Group exchanges, ICE US, NYSE Liffe, ICE Futures and Eurex.
We are over 600 market professionals, headquartered in London with offices across Europe, North America and Asia.