Marex closes acquisition of HPC SA and OTCex
Marex announces has completed the acquisition of select entities from OTCex Group, including HPC SA, OTCex Hong Kong and OTCex LLC.
Marex announces has completed the acquisition of select entities from OTCex Group, including HPC SA, OTCex Hong Kong and OTCex LLC.
The US and Dubai entities join Marex, following the acquisition of the UK and Australian businesses.
Marex will expand its clients’ access to CME Group’s base metals markets, starting first with CME Group’s global Aluminum futures contract.
Approximately 125 London-based employees providing Clearing, Metals, FF&O and FX services to clients will be joining Marex from today.
Net revenue rose 29% YoY to $334m due to increased client activity and very strong performance in Marex’s Market Making.
Marex’s Head Warrant Trader, Tommy Bain, has been elected as Chairman of the London Metal Exchange (LME) Warehouse Committee.
Marex and Nasdaq Commodities have collaborated to launch an Irish power futures cleared contract.
Marex announces the execution of its first physically settled European Union Allowance Repurchase Agreement (REPO) trade on Carbon.
Marex is in the advanced stages of exclusive talks with OTCex Group to purchase its voice brokerage activities.
Marex Group saw its net revenue increase by 31% to $543 million with strong performance across all segments.