Marex Spectron launches NEON Technology platform

London, 29 September 2016 – Marex Spectron, the global commodities broker, has today announced the launch of NEON Platform, a trading, risk and data platform.

By combining three key proprietary services, NEON Trader, NEON Risk and NEON Data, together with flexible connectivity (NEON Connect), Marex Spectron is offering a straightforward single technology platform for commodity traders. A mobile device application – NEON Mobile – is also in the beta stage of development and is currently set for a fourth quarter rollout.

NEON Trader provides traders with Direct Market Access to global commodity and financial exchanges. Additional functionality includes algorithmic commodity trading suites and intelligent execution options, leveraging off Marex Spectron’s proprietary research and knowledge in the commodity space.

NEON Risk enables efficient risk and trading practices. By quantitatively and dynamically setting and balancing risk limits, according to specific clearing house methodologies (VAR/SPAN), traders can more effectively trade and balance multiple positions without breaching agreed limits.

NEON Data includes various proprietary metals and energy data, along with other exchange published data feeds

NEON Connect adds third party system-to-system connectivity options via FIX or API.

Nick Benson Chief Technology Officer, Marex Spectron, commented: “Intelligent use of technology is key in this environment. Building our own system has given us absolute control, allowing us to leverage the latest technologies to create a market leading platform that is not only robust, but has the flexibility to adapt to the evolving market. NEON is a massive plus for our clients and a very important extension to our offering.”