Marex Spectron arranges first STP-cleared EEX German power contractJune 1, 2015
The trade was arranged for two of Marex Spectron’s major energy clients on Monday 18 May 2015.
Jeremy Elliott, Managing Director, Energy, at Marex Spectron, said: “Marex Spectron, as the leading broker in this market, understands the value clients place on the speed, clarity and confidence that STP clearing brings. Here we reaped the reward of our investment in community initiatives and low-touch technology to deploy STP for this product before anyone else. We have built our business on not just being the best broking service available in our markets but also the most agile and innovative. That we have an STP solution for Phelix up and running demonstrates the success of that strategy.”
The trade was delivered to EEX via the European Federation of Energy Traders’ eXRP clearing solution. eXRP is a non-discriminatory, open standard, industry owned and governed infrastructure which establishes straight through processing integrating all participating execution and clearing venues.
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About Marex Spectron Group Limited
Marex Spectron is a leading independent global commodities brokerage headquartered in London but with a global network spanning Asia and North America, and dominant market shares in many major Agricultural, Metal and Energy products.
Our mission is to ensure that we offer our clients unequalled access to liquidity in global commodity markets, on-exchange or off-exchange. Our business is integrated, truly global and prudently managed.
We offer electronic and voice broking services, with state of the art networks to facilitate complex trading strategies. We offer insight and know-how, based on decades of experience, a vast market data set and the latest analytic tools.
While commodity markets form the core of our business, we have responded to client demand for broader services and have active, successful, teams broking financial futures and options, and fixed income and equity securities.
We also have a division that provides a full suite of services to trading firms who need to outsource infrastructure, support operations and the management of electronic trading solutions.
We have a broad range of clients including commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
We are members of the London Metal Exchange (LME; where we are a Ring Dealer), the CME Group exchanges, ICE Group exchanges and many others.
We are regulated in the UK by the FCA, in the US by the NFA and CFTC, in Hong Kong by the SFC, and in Singapore by the MAS.