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Commodities Broker Marex Posts Record Profit on Market Boom

  • Prices of energy, metals, softs and grains soared last year
  • CEO says another pitch for IPO is possible ‘at some point’
The commodities boom has been a boon for trading houses which thrive on volatility.

The commodities boom has been a boon for trading houses which thrive on volatility.

Source: Bloomberg

Updated on

London brokerage Marex Group posted record profit last year as prices for energy, metals and agricultural products soared with economies reopening after pandemic lockdowns.

The commodities boom has fueled stellar results for trading houses and boosted volumes for brokers making markets and executing trades. Prices have surged even more since Russia’s invasion of Ukraine, with an index that tracks spot futures up 31% so far this year. That’s pressuring brokers and their clients in the form of margin calls that can abruptly draw on cash reserves.