Marex Spectron Buys Marquee Oil as Consolidation Heats up

Global brokerage Marex Spectron said it concluded the purchase of Marquee Oil Broking Limited, a provider of physical fuel oil broking services, the latest consolidation in a sector squeezed by rising competition and smaller margins.

The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term will allow Marex to press on with long-term plans to develop its business of providing physical energy and shipping markets. Marquee Oil Broking, which will continue to operate independently within Marex Spectron’s network, will expand the group’s offering to a broader client base that deals in energy markets.

Marex declined to disclose the value of the deal, but the takeover advances its goal of becoming a one-stop-shop for clients who want to take part in evolving commodities markets.

Marex has expanded aggressively since being taken private in 2010 by JRJ Ventures, the private equity group founded by former Lehman executives Roger Nagioff and Jeremy Isaacs. The past year saw Marex Spectron also solidify its ‎position across global commodities markets, including ‎seeing its volumes maintain the top spot on the London ‎Metal Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (LME), as well as on the LME Select ‎electronic platform. In terms of the energy sector, the ‎group was a top-three broker across agriculture, including ‎soft commodities.‎

Marex expands with new acquisitions

Earlier in January, Marex Spectron, which also has a global network spanning across North America and Asia, acquired the commodities business of London-based BGC European Holdings, CSC Commodities. The deal came a few weeks after it signed an agreement to acquire the customer business of futures brokerage Rosenthal Collins Group (RCG).

Commenting on the news, Jeremy Elliott, Managing Director Energy at Marex Spectron, said: “We are delighted to be joined by Adam and the Marquee Oil broking team. This is a natural extension of our market-leading energy platform and broadens Marex Spectron’s capabilities to service top-tier global clients. With the impending IMO 2020 fuel oil spec changes, we see new opportunities to expand our coverage across the global physical and derivative markets.”