Marex Spectron, a global commodities brokerage, announced its return to the foreign exchange (FX) markets on Tuesday, with the launch of its new platform for FX and precious metal spot trading.
The platform, which is available through a desktop and mobile app, offers FX execution services for over-the-counter (OTC) and exchange-traded derivatives (ETD) across spot, forwards and futures, non-deliverable forwards (NDFs), options and FX price hedging.
The platform is targeted toward institutional investors – financial institutions, commercial users, hedge funds, commodity trading advisors and proprietary trading houses. The platform leverages the aggregated liquidity of multiple banks and FX liquidity providers.
Commenting on the launch, David Govett, the Head of FX and Bullion at Marex Spectron, said: “With the increased volatility in FX markets, there is demand for such a service from our clients. We also understand that our clients need more than just a telephone dealing service, with desktop and mobile applications important parts of any offering.”
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According to the statement released by the broker, traders also have access to an easy-to-use interface, complex order types, a global order book, and customer support.
To access the platform, traders will need a Marex Spectron account. However, a demonstration account is also available. Users can download the mobile app via the App store for iOS devices and through Google Play for Android users.
Marex Spectron Continues to Increase Its Product Offering
Marex Spectron is a London-headquartered commodities broker, which also has a global network spanning across North America and Asia. The launch of its FX platform follows on from a strong financial year for the firm.
For the 12 months ended December 31, 2017, the company’s net revenue was reported at $245.6 million in 2017, reflective of a slight gain of nearly one percent year-over-year from $243.1 million in 2016.
In 2017, the broker continued to solidify its position across global commodities markets, including the expansion of its footprint across North America and Asia. In addition, the group developed new metals products for Singapore.