Marex Spectron to Acquire X-Change Financial Access

Marex Spectron, a leading independent global commodity specialist, is set to acquire X-Change Financial Access (XFA), a fast-growing exchange-traded derivatives (ETD) execution broker.

The transaction is expected to close on 13 November as the broker looks set to broaden its product range, strengthen its North American presence, build on its global clearing infrastructure, and provide XFA clients with ready access to complementary products and services.

The acquisition will add more than 100 XFA trading and support professionals, who will continue to be led by the management team made up of Founder and Senior Managing Partner Tim Hendricks, and Managing Partners Peter Scheffler and William Ellington.

Upon completion of the transaction, XFA will be part of Marex Spectron’s fast-growing North American franchise, reporting to Ram Vittal, CEO, Marex North America.

Commenting on the deal, Ian Lowitt, Chief Executive of Marex Spectron said:”XFA is a very exciting addition to our business. This acquisition will be an important building block in our plans to expand in North America, which is our fastest growing region. The acquisition creates opportunities to cross-sell our products, including clearing services, and Marex can support XFA’s geographic expansion.”

XFA was founded in 2001, providing a broad range of services, including agency trade execution, market information and strategy, 24-hour global futures execution, and direct market access (DMA).