Marex is a UK-based diversified global financial services platform, connecting clients to global energy, metals,

agricultural Agriculture or farming is the practice of cultivating Plant, plants and livestock. Agriculture was the key development in the rise of Sedentism, sedentary human civilization, whereby farming of Domestication, domesticated species created food ...

and financial markets. Across its businesses, Marex provides high value add services in Market Making, Execution and Clearing, Hedging and Investment Solutions, Price Discovery and Data & Advisory. The company's clients are predominantly commodity producers and consumers, banks, hedge funds,

asset manager Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings ...

s, broking houses,

commodity trading advisors A commodity trading advisor (CTA) is US financial regulatory term for an individual or organization who is retained by a fund or individual client to provide advice and services related to trading in futures contracts, commodity options and/or ...

and professional traders. Marex currently has over 1,100 employees and 22 offices across Europe, USA and

APAC Apac is a town in Apac District in the Northern Region of Uganda. It is the 'chief town' of the district and the district headquarters are located there. The district is named after the town. Location Apac is located approximately , by road ...

History

Marex Financial started in 2005 as an independent

derivatives The derivative of a function is the rate of change of the function's output relative to its input value. Derivative may also refer to: In mathematics and economics * Brzozowski derivative in the theory of formal languages * Formal derivative, an ...

and forex broker providing trading in

commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ...

financial futures In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset ...

options Option or Options may refer to: Computing *Option key, a key on Apple computer keyboards *Option type, a polymorphic data type in programming languages * Command-line option, an optional parameter to a command *OPTIONS, an HTTP request method ...

and foreign exchange, established by the Marathon Special Opportunity Master Fund Limited which is managed by

Marathon Asset Management Marathon Asset Management, LP is an investment manager focused on opportunistic investing in credit and fixed income markets globally. Marathon manages a family of investment programs principally focused on credit strategies including hedge funds, ...

after its former parent REFCo collapsed in 2005. In February 2010, hedge fund JRJ Group took a 74% stake and executive control appointing a number of former Lehman Brothers bankers to its board to help expand business. In May 2011, Marex Financial completed its acquisition of Spectron Group, a broker of wholesale energy and other commodity products when the company was renamed Marex Spectron International Limited. On April 1, 2021, the company changed its name to Marex.

Timeline (as Marex Spectron)

In July 2011, Marex Spectron acquired the Global Markets Division of Eden Financial, adding non-derivative products as well as

European European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe ...

cash equities and fixed income to its range of services. In May 2012, Marex Spectron acquired the Pro-Trader division of Schneider Trading Associates (STA), a provider of professional trader services. In May 2016, the firm established Nanolytics Capital Partners, a business focused on developing alternative investment products based on Marex Spectron's Nanolytics models. In July 2017, the group launched Marex Solutions, a division aimed at providing tailored hedging to commodity clients looking to manage commodity price risk across agricultural, energy, metals & FX markets. Marex Spectron Group posted 2015 operating profit of $23 million, a 53 percent jump on the previous year. EBITDA increased to $31 million from $25 million in 2014. Marex Spectron Group's net revenue for 2017 was $245.6 million, up $2.5 million from 2016. Pre-tax profits for 2017 were $25.4 million, down from $27.0 million in 2016, while adjusted

EBITDA A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, stat ...

were a record $39.6 million, 6.7% higher than 2016. In December 2018, Marex Spectron announced its acquisition of the customer business of Rosenthal Collins Group LLC, an independent

futures commission merchant A commodity broker is a firm or an individual who executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. A firm or individual who trades for his own account is called a trader. Commodity contra ...

(FCM) based at Chicago. In January 2019, Marex Spectron announced that it had acquired London-based trading firm CSC Commodities from BGC European Holdings. In December 2019, the Group announced it had acquired London-based Marquee Oil, a physical oil broker. In March 2020 the Group acquired Tangent Trading, a scrap metal trading firm. Marex Spectron Group reported record results for 2019 with gross revenues up 43% to $554.9 million and net revenues up 19% to $349.9 million. In November 2020, Marex Spectron acquired XFA, an exchange traded derivatives (ETD) execution broker, which is headquartered in Chicago and offices in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

and San Francisco. In March 2021, Marex Spectron changed its name to Marex.

Timeline (as Marex)

In April 2021, Marex Group plc released record results, with an 37% increase in gross revenues to $762.4 million and net revenues up 18% to $414.7 million. In April 2022, Marex Group plc released its latest set of record results, with net revenue up 31% to $543 million with strong performance across all segments, particularly Market Making and Execution and Clearing, combined with significant contribution from Solutions, which delivered >100% increase in net revenues. Adjusted Operating PBT was up 29% to $79.6 million driven primarily by strong organic growth. Eight consecutive years of growth and 26% Adjusted Operating PBT CAGR since 2014. Marex Group also increased client assets by 74% to $5.4 billion (2020: $3.1 billion). On 1 August 2022 Marex announced it had agreed to acquire ED&F Man Capital Markets, the financial services division of ED&F Man Group.

Corporate operations

Headquartered in London, Marex has offices in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

, Hong Kong, Dubai, Singapore, Dublin, Frankfurt, Paris, Versailles, Oslo, Rotterdam and in North America, Chicago, Schaumburg IL,

, Stamford, Clark NJ, Houston,

Des Moines Des Moines () is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small part of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines, ...

, San Francisco, Minneapolis, Montreal and

Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...

Memberships

A member of the London Metal Exchange (Category-1),the

CME Group CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset class ...

exchanges, ICE US,

NYSE Liffe Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, de ...

, ICE

Futures Futures may mean: Finance *Futures contract, a tradable financial derivatives contract *Futures exchange, a financial market where futures contracts are traded * ''Futures'' (magazine), an American finance magazine Music * ''Futures'' (album), a ...

and Eurex, Marex Spectron subscribes to the Futures and Options Association and is regulated by the UK's

Financial Conduct Authority The Financial Conduct Authority (FCA) is a financial regulation, financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. The ...

References

{{DEFAULTSORT:Marex Financial Limited Companies based in the City of London Multinational companies Financial derivative trading companies Shipbroking companies Financial services companies of the United Kingdom Financial services companies established in 2005 Securities clearing and depository institutions