Marex Spectron Buys Starsupply as Consolidation Heats up
- Marex declined to disclose the value of the deal, but the takeover advances its goal of becoming a one-stop-shop.
Marex Spectron said it concluded the purchase of Rotterdam-based broker, Starsupply, which is the latest consolidation in a sector squeezed by rising competition and smaller margins.
The acquisition will allow Marex to press on with long-term plans to develop its business of providing physical oil products. Starsupply, which will continue to operate independently within Marex Spectron’s network, will expand the group’s offering to a broader client base that deals with the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term-only physical oil brokerage firm.
Marex said the transaction broadens its product range and further strengthens its Northern European presence. The takeover of the Dutch firm builds on its global Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term infrastructure while providing Starsupply clients with access to complementary products and services.
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. In addition, the past year saw Marex Spectron solidify its position across global commodities markets with a spree of new acquisitions.
Commenting on the news, Ian Lowitt, CEO of Marex Spectron, said: “Notwithstanding the market conditions and dislocations caused by the Covid pandemic, acquiring new businesses is very much ‘Business as Usual’ for us. As a physical energy broker, Starsupply further broadens our EU energy presence in physical markets and has natural synergies across both our physical and paper Price Discovery services.”
Symen de Willigen, Managing Director of Starsupply, added: “We are delighted to be joining Marex’s energy franchise which has a first-class reputation and global coverage. Together, we can continue to build out our coverage and strengthen our foothold in the European physical oil market. There are great opportunities and synergies on both sides, so it is an excellent fit.”
Marex Spectron said it concluded the purchase of Rotterdam-based broker, Starsupply, which is the latest consolidation in a sector squeezed by rising competition and smaller margins.
The acquisition will allow Marex to press on with long-term plans to develop its business of providing physical oil products. Starsupply, which will continue to operate independently within Marex Spectron’s network, will expand the group’s offering to a broader client base that deals with the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term-only physical oil brokerage firm.
Marex said the transaction broadens its product range and further strengthens its Northern European presence. The takeover of the Dutch firm builds on its global Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term infrastructure while providing Starsupply clients with access to complementary products and services.
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. In addition, the past year saw Marex Spectron solidify its position across global commodities markets with a spree of new acquisitions.
Commenting on the news, Ian Lowitt, CEO of Marex Spectron, said: “Notwithstanding the market conditions and dislocations caused by the Covid pandemic, acquiring new businesses is very much ‘Business as Usual’ for us. As a physical energy broker, Starsupply further broadens our EU energy presence in physical markets and has natural synergies across both our physical and paper Price Discovery services.”
Symen de Willigen, Managing Director of Starsupply, added: “We are delighted to be joining Marex’s energy franchise which has a first-class reputation and global coverage. Together, we can continue to build out our coverage and strengthen our foothold in the European physical oil market. There are great opportunities and synergies on both sides, so it is an excellent fit.”