Marex Completes Acquisition of HPC SA and OTCex from OTCex Group

Marex, an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, announced that it has completed the acquisition of select entities from OTCex Group.

OTCex Group is the product of two mergers. The first was in 2005 between Paresco, a French investment firm broking listed equity and interest rate products and HPC, a European broker operating mainly in money and interest rate markets. This entity then merged in 2006 with OTCex, an inter-dealer broker specialising in index and single stock options.

The deal between Marex and OTCex Group, first announced in June 2022, includes the sale of the entities HPC SA, OTCex Hong Kong and OTCex LLC. The addition of HPC/OTCex strengthens Marex's service capabilities in equities, structured products, fixed income and commodities.

With the completion of the transaction, the above-mentioned entities and more than 200 employees have also become part of the Marex Group. In addition, according to the transaction, OTCex and HPC brands (including HPC Investment Partners) will also be transferred to Marex.

"This is an exciting time for all of us and a great opportunity for HPC/OTCex. We look forward to a bright future as part of an innovative, profitable and growing global group," said Fred Metz, CEO of HPC/OTCex.

"The acquisition represents further delivery against our strategy of building out our product offering and geographic footprint, adding around 800 new clients to our franchise," said Ian Lowitt, CEO of Marex. "The acquired entities complement and expand our equity and fixed income offerings, whilst adding to our leading energy and agricultural commodities franchises. With access to our global infrastructure and balance sheet, we are confident that together we can continue to deliver sustainable growth and better serve our global client base."

Last month, Marex had completed its acquisition of the global financial brokerage ED&F Man Capital Markets​'s business in the US and Dubai, extending its footprint across the APAC region and allowing it creating a leadign franchise in the US.