Marex Spectron Receives Capital Markets Services License From MASMarch 25, 2014
Marex Spectron, the leading global commodities broker, has received a Capital Markets Services Licence from the Monetary Authority of Singapore.
The licence is for the regulated activity of trading in futures contracts, including those related to the energy, metals and agricultural markets.
John Wall, Chief Executive Officer of Marex Spectron, said, “Singapore has become a vital global hub for trading commodities. As the only broker with global scale that focuses its business on commodities, this licence represents a critical step in our development not just in Singapore, but in Asia and around the world. We thank the MAS for the opportunity the Licence presents.”
Ola Strand Andersen, Chief Executive Officer – Singapore of Marex Spectron Asia, added, “We have been growing strongly in Singapore and this licence gives us the ability to build on that and expand the range of services we can offer clients. Singapore continues to go from strength to strength as a hub for commodities in Asia and we are delighted to now be able to play fully our role in Singapore’s continued growth story. “
Notes to editors:
ABOUT MAREX SPECTRON
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.