Marex Spectron Launches NEON Technology Platform for Commodity Traders

Marex Spectron, the London-based global commodities broker, today announced the launch of NEON Platform, a trading, risk and data platform for commodity traders.

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Marex Spectron has combined three key proprietary services, NEON Trader, NEON Risk and NEON Data, together with flexible connectivity (NEON Connect), to offer traders a straightforward, single technology platform.

NEON Mobile, a mobile device application, is also in the beta stage of development and is in line for a fourth quarter launch.

NEON Trader

NEON Trader provides traders with Direct Market Access to global commodity and financial exchanges. Additional functionality includes algorithmic commodity trading suites and intelligent execution options, leveraging off Marex Spectron’s proprietary research and knowledge in the commodity space.

NEON Risk

NEON Risk enables efficient risk and trading practices. By quantitatively and dynamically setting and balancing risk limits, according to specific Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term methodologies (VAR/SPAN), traders can more effectively trade and balance multiple positions without breaching agreed limits.

NEON Data

NEON Data includes various proprietary metals and energy data, along with other exchange published data feeds. NEON Connect, meanwhile, adds third party system-to-system connectivity options via FIX or API.

Nick Benson, Chief Technology Officer, Marex Spectron, commented: “Intelligent use of technology is key in this environment. Building our own system has given us absolute control, allowing us to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the latest technologies to create a market leading platform that is not only robust, but has the flexibility to adapt to the evolving market. NEON is a massive plus for our clients and a very important extension to our offering.”

Background

Marex Spectron was formed through a merger of metals and oil brokerage firms in ‎‎2011. Its clients are commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders with global exchange memberships including, amongst others, the London Metal Exchange (LME), CME Group and ICE Group.