Marex in advanced stage of exclusive talks with OTCex GroupJune 14, 2022
Marex has today announced that it is in the advanced stages of exclusive talks with OTCex Group to purchase its voice brokerage activities from HPC SA, OTCex Hong Kong, and OTCex LLC.
Headquartered in Paris, OTCex voice brokerage services include businesses based in London, Dubai, Hong Kong, New York, Paris, Milan, Tel-Aviv and Lisbon, and employs approximately 200 staff worldwide. This potential transaction provides a number of synergies to both parties. OTCex will benefit from access to Marex’s global infrastructure and balance sheet, and the addition of OTCex will strengthen Marex’s capabilities in Equities and Fixed Income.
Final agreement is expected when OTCex Employee Representative Bodies have been informed and consulted. Completion will be subject to prior approval by all relevant Regulatory Bodies.