Marex Spectron Group has agreed to acquire the Pro-Trader division of Schneider Trading Associates in a transaction that is expected to complete before the end of May 2012. Marex Spectron’s Pro-Trader Services is a division of the Company and is one of the largest providers of professional trader services in Europe. By acquiring and integrating STA’s Pro-Trader business into the Marex Spectron Pro-Trader division, we will create a leading global platform offering the most advanced execution and clearing services. The technology infrastructure developed by STA will be integrated into Marex Spectron’s Easyscreen platform, providing traders with an advanced technology platform, combined with the scale and resources of Marex Spectron’s global capabilities.
On completion, the Pro Trader division will serve in excess of 1,100 professional traders around the world and handle transaction volumes in excess of 200 million contracts per annum. By significantly scaling up the Pro Trader business we will be a powerful force in the major exchange-traded products and the largest clearer of the most actively traded contracts on Eurex.
Marex Spectron’s electronic trading and DMA services (of which the Pro Trader division is part) offers traders high performance delivery of trading solutions, global locations, and a choice of connectivity solutions based on where and what is traded.
Following the completion of the transaction, Ollie Jones, Head of Marex Spectron’s Pro-Trader division, will manage the business, supported by Steven Rose of Marex Spectron and Stephen Hills and Richard Brown of STA . Sonny Schneider, founder and Managing Director of STA will join Marex Spectron as Chairman of the Pro-Trader division management committee. Sonny will also work closely with John Lowrey, Global Head of Electronic Trading and DMA Services to support the strategic development of Marex Spectron’s global electronic offering.
