Marex Spectron adds Client OTC Hedging Capability

Marex Spectron, the global commodities broker, today announced the addition of Marex Solutions, a division dedicated to providing customised derivative hedging solutions for clients.

Marex Solutions will offer clients fully customisable OTC derivative solutions to complement the existing off-the-shelf exchange and OTC traded hedging instruments that are already available in metals, agriculture and energy via Marex Spectron. Typical solutions to a client’s hedging requirements will range from basic currency overlays, through to the full suite of participation, protection, price improvement and range extraction solutions, offering clients virtually unlimited hedging flexibility. Marex Solutions also plans to develop a structured investment products platform in the near future.

With no legacy infrastructure, Marex Solutions has been a beneficiary of recent FinTech innovations and partnered with leading firms in quantitative analytics, real-time derivatives calculation, life-cycle management and documentation automation. The result is a highly efficient, flexible and low-cost offering, which provides high-levels of client service and transparency.

The business will service clients around the world and is run by Nilesh Jethwa, formerly of Leonteq Securities, where he headed the Structured Solutions Division. Marex Solutions is a division of Marex Financial Limited, which is authorised and regulated by the FCA.

Ian Lowitt, Marex Spectron’s Chief Executive Officer, commented: “By adding Marex Solutions we have expanded the range of services that we can provide our clients, extending our existing hedging services in futures and options to more customised derivatives. As banks exit, or reduce their participation in these markets, many clients have unmet hedging needs. With new technology and Nilesh’s team’s capabilities, we now have the potential to provide clients with a very high level of services and innovative solutions.”

Nilesh Jethwa, Marex Solutions Chief Executive Officer, added: “Marex Spectron’s name is synonymous with quality commodities broking, with leading teams and coverage across agricultural, metals and energy products. These advantages, alongside the extensive experience of the Marex Solutions team and cutting-edge technology, makes this a hugely exciting business.”