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Marex
Marex's X-Change Financial Hit with $400,000 NFA Fine over Controls
- Chicago-based broker and its exec Timothy Hendricks were hit with an NFA penalty for record-keeping violations and supervision failures.
- Hendricks faces a 90-day suspension from supervisory roles and shares a $100,000 liability of the total fine.
Thursday, 21/11/2024 | 08:32 GMT by
Damian Chmiel
Marex Doubles Interest Income in Q3, Revenue Soars 32%
- The company's net trading income grew by 39%, reportedly driven by increased demand for hedging and investment solutions.
- Commission income also rose substantially after the company’s acquisition of Cowen's prime services business.
Thursday, 07/11/2024 | 14:44 GMT by
Jared Kirui
Marex Reports Strong Full Year and Quarterly Results: Revenue Jumps 75%
- The company attributed the impressive performance to its focus on product and geographical expansion.
- Marex experienced an increase in client activity, with total trades executed soaring by 122% in 2023.
Thursday, 16/05/2024 | 12:39 GMT by
Jared Kirui
Marex Bolsters Board with the Appointment of Former CME Group's CFO John Pietrowicz
- Pietrowicz, the Former CFO of CME Group, brings extensive financial and regulatory experience to Marex.
- He is recognized for his expertise in corporate finance, accounting, and mergers and acquisitions.
Tuesday, 12/03/2024 | 20:30 GMT by
Jared Kirui
Marex's Non-exec Director Sarah Ing Joins City of London Investment Group's Board
- Ing has served as a Non-Executive Director at CMC Markets since September 2017.
- She brings over 30 years of experience in accountancy, investment banking, and fund management to her new role.
Friday, 23/02/2024 | 12:50 GMT by
Jared Kirui
Marex Takes Steps toward Public Listing: SEC Filing Unveiled
- The public offering is pending SEC review and is contingent on market conditions and other factors.
- Recently, the firm expanded in Asia Pacific, joining SGX as a trading and clearing participant.
Friday, 08/12/2023 | 09:26 GMT by
Tareq Sikder
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