[ O U T S O U R C E D T R A D I N G S U R V E Y ]
Marex
Marex |
2025 |
2024 |
2023 |
Global |
Difference to Global |
Coverage |
6.31 |
6.42 |
6.30 |
6.25 |
0.05 |
Execution |
6.50 |
6.67 |
6.26 |
6.20 |
0.30 |
Operations and Post-Trade |
6.31 |
6.46 |
6.47 |
6.19 |
0.12 |
Relationship Management |
6.42 |
6.67 |
6.12 |
6.15 |
0.27 |
Trade Decision Support |
6.04 |
5.90 |
6.05 |
6.00 |
0.04 |
IPO Process and Allocations |
5.69 |
5.29 |
- |
5.25 |
0.44 |
Onboarding |
6.32 |
6.39 |
6.02 |
5.98 |
0.34 |
Client Services |
6.15 |
- |
- |
6.15 |
0.01 |
Cost vs Value |
6.35 |
6.50 |
6.05 |
5.99 |
0.36 |
Average |
6.23 |
6.30 |
6.18 |
6.02 |
0.21 |
What a year it has been for Marex, especially considering last year’ s change of ownership. Clients seem pleased with the seamless transition, with the offering only further boosted by the addition of Winterflood Business Services outsourced trading unit. The M & A growth has been complimented by the addition of talent across the globe and a slew of new partnerships, marking a landmark 12 months for Marex. Marex tells us that it sees growing demand for Outsourced Trading- specifically in Europe and Asia- and notes that“ competition among service providers has been aggressive in recent years”. With an overall rating of 6.23 nearly all of Marex’ s scores sit in the Very Good camp. And out of all providers in this handbook, it is Marex who had the highest number of responses. Execution( 6.50) receives the highest rating, with clients reporting that quality of broker panel, execution, quality of order routing and anonymity / disclosure
Chart 1
of order flow are all positive factors in the rating given. Execution is also shown as a top priority when selecting a provider. Cost vs Value( 6.35) is an area which traditionally sees one of lowest scores – however for Marex this does not seem to be the case. Although there has been a slight decrease in ratings from 2024( down 15 basis points) when compared with 2023 this rating has seen an improvement by 30 basis points, with commission changes, monthly charges, charges embedded in spread and transparency of charges all being positive factors in the Very Good rating Marex receives. Although having the lowest rating this year, IPO Process and Allocation( 5.69) has seen the largest annual shift, increasing 40 basis points in the last year, and sits 44 basis points above the global average. In fact, 38 % of clients have rated this service as Excellent, so although it is not a service used by
32 // Outsourced Trading Handbook // 2025