Global commodity specialist Marex Spectron today announced the appointment of Phillip Price as Head of Ferrous Metals Trading.

Mr Price will be responsible for the building of the Group’s market making and trading infrastructure in ferrous metals derivatives. He will be reporting to Simon van Den Born, President of the Group.

Mr Price has played a key role in helping develop the global steel derivatives market over the past 12 years, whilst trading ferrous metals at Stemcor and Ferrometrics. He managed the Stemcor steel derivative desk between 2015 and 2016 and is a well-known speaker in the metals space. Mr Price is also vice Chairman of the LME Steel Committee.

Phillip Price is based in London and joins Marex Spectron’s 60 strong global metals team. He will work alongside the Head of Steel and Ferrous Derivatives (Sam Mehew) and the Head of Ferrous Operations (Rhys Pittam) to further expand the Marex Spectron Ferrous Metals client offering.

Mr Price commented on his appointment:

“Joining Marex Spectron’s metals team was a natural step for me. This new role provides a great opportunity to expand Marex’s client offering and make a real contribution to a growing franchise.”