MAREX Financial Limited
MAREX Financial Limited (MFL) an independent brokerage company will commence trading from 23rd of January, 2006. MAREX will initially offer execution and clearing services in Metals, Energy, Agriculture, Interest Rates, Equity Indices, Stock Options and Currency Futures. Foreign Exchange and Fixed Income services will be introduced shortly.
MAREX has been capitalised with £100 million from its sole shareholder Marathon Asset Management LLC. MFL will provide comprehensive global clearing services across all major exchanges. At inception it has memberships on the following exchanges: London Metal Exchange, Euronext Liffe, ICE Futures, EDX.
MFL was formed following the acquisition of Refco Overseas Limited by Marathon Asset Management. Marathon also acquired the assets of Refco Trading Services (RTS) and EasyScreen. RTS (formerly MacFutures) is a professional electronic trading arcade offering a full service and support environment to independent traders. This becomes MAREX Trading.
The MAREX Financial Board of Directors includes the following MFL executives: Mark Slade â CEO, Julian Courtney - Director of Compliance, Gavin Prentice - Director, Head of Commodities, Mark Hanney - Director of Finance.
Commenting on the launch Mark Slade, CEO said: âWe are delighted to announce the launch of MAREX Financial. This is the start of a new independent brokerage company that will allow us to provide our clients with value-added services. MAREX Financial is well capitalised and the companyâs experienced team commences business with the infrastructure, technology, and financial controls associated with the best firms in our industry. We are grateful for the widespread support we have received from our clients throughout Europe and our peers in London as we look forward to building upon this solid foundation.â
