Broker takes baby steps back into crowded market

Marex Spectron is making a low-key return to the FX market, just over four years after it terminated its foreign-exchange business.

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Multi-asset brokerage house Marex Spectron sounded like it had had enough of the FX market in August 2014, stating that demand for foreign-exchange services had fallen and that this part of its business was not a notable revenue generator. It began building its global FX business only two years earlier.

However, in October the firm launched a new FX platform, which includes a desktop and mobile app for FX and precious metal spot trading and market monitoring.

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