Commodities brokerage Marex Spectron has appointed Ram Vittal as CEO of North America. He will be based in New York and report to Ian Lowitt, group chief executive. He joins from JPMorgan Chase, where he was managing director and head of treasury services franchise client management spearheading client solutions leveraging data analytics and digital technologies. […]
Tag: Marex Spectron
Commodity broker Marex Spectron has signed an agreement to acquire the customer business of Rosenthal Collins Group (RCG), an independent Futures Commission Merchant (FCM).
The acquisition is expected to complete in January 2019 and Marex says it will maintain the RCG name and brand, gain 14,000 client accounts and balances, 150 associated staff and the Chicago headquarters. RCG has little overlap with Marex Spectron’s existing North American business, which operates out of New York, Calgary, Connecticut and Houston, the firm says.
Marex Spectron has returned to the FX markets, with the launch of a new platform that includes desktop and mobile app for FX and precious metal spot trading and market monitoring.
Through the platform Marex Spectron plans to offer execution services for OTC and exchange traded products across spot, forwards and futures, NDF’s, options, as well as FX price hedging. With DMA for spot and futures, and advanced API connectivity, Marex Spectron says that its clients will benefit from the aggregated liquidity of multiple banks and FX liquidity providers.
This new service has been designed for financial institutions, commercial users, hedge funds, CTA’s and proprietary trading houses.