Marex Spectron, a technology-enabled provider of essential liquidity and associated market infrastructure, today announced the addition of a new energy futures trading and clearing group to its Marex North America franchise, operating out of New York.
The team, comprising seven seasoned exchange-traded energy market professionals led by Martin Timmins, join from ED&F Man Capital Markets, Inc to service a broad range of commercial hedgers and institutional investors.
The establishment of this group is the latest in a series of moves by Marex in recent years to extend its footprint and product specialties in North America. Mr Timmins, a 35-year veteran in energy futures markets, is widely recognised as one of the most experienced in the industry, most recently serving as Managing Director and Global Head of Energy at ED&F Man. He reports to Ram Vittal, CEO, Marex North America.
The team also includes Lauren Kane, Matthew Ventura, Christopher Timmins, Joseph Mancino, Joseph Posillico and Robert Hadley.
Mr Vittal commented:
“We’re delighted to welcome this talented execution and clearing team with decades of experience in exchange-traded energy markets. We have been steadily growing our presence and expertise in North America to enhance our offering to clients globally. We fully expect that the Energy Futures group will further strengthen our comprehensive capabilities in this dynamic sector.”
Mr Timmins said:
We were impressed with Marex’s growth story and view the firm’s strong foothold globally in the over-the-counter energy markets as a great complement to our exchange-traded offering for the commercial hedging community and institutional investors alike. Joining Marex gives us an opportunity to collaborate with very experienced OTC colleagues and to introduce clients to a wider array of energy products – particularly with anticipated changes in the energy space and growing interest in environmental, social and governance (ESG) instruments, At the same time, Marex clients globally can now benefit from a dedicated energy futures and clearing team.”
Over the last two years, Marex has taken steps to build its execution and clearing capabilities across product sectors in North America, including the 2019 acquisition of the customer business of Rosenthal Collins Group, the addition of several execution and brokerage teams and the November 2020 acquisition of X-Change Financial Access, an exchange-traded derivatives execution broker.