Marex Spectron Establishes Working Capital Facility With Lloyds Bank PLC

June 25, 2014

The facility is designed to support the firm’s growth at a time when banks and other competitors are leaving the industry, creating opportunities for Marex Spectron.

Ian Lowitt, Marex Spectron’s chief financial officer, said: “We have always been a conservatively managed firm with capital and liquidity buffers well in excess of the levels required by our regulators. This facility will help us to support our growing client base while maintaining our commitment to a robust balance sheet.

“It will help us to ensure that we can meet rising demand for our services in our core commodity businesses.”

The facility is initially set at $25 million but is expected to be increased via a syndication process led by Lloyds Bank plc.

For further information please contact Richard Lindsay at Marex Spectron on +44 (0)20 7650 4091 or

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 600 market professionals, headquartered in London with offices across Europe, North America and Asia.

Related News