Marex Spectron International to pay $50k fine after traders violate CME wash trades prohibition
In accordance with a settlement offer, CME ordered Marex to pay a fine in the amount of $50,000.
In accordance with a settlement offer, CME ordered Marex to pay a fine in the amount of $50,000.
Marex Group today announced record full-year results for the period to 31 December 2022.
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.