Stifel and Marex have unveiled a new prime brokerage referral partnership which will allow Stifel’s clients to access Marex’s trading and execution services.
Jack Seibald
Specifically, the arrangement will see Stifel’s institutional sales and trading group offer its institutional client base access to Marex’s multi-asset class custody, financing, securities lending, and capital introduction.
The move comes as Stifel looks to enhance its differentiated products offering, explained John Spensieri, co-head of equity trading at Stifel: “Our sales and trading group at Stifel is primarily driven by the goal of offering our clients exceptional service coupled with unparalleled value.
“Marex has a well-established prime brokerage and outsourced trading business, with technology-powered data, that will complement our emphasis on offering differentiated products to meet the evolving needs of our global client base.”
As part of the partnership, Marex’s institutional clients will receive access to Stifel’s research, banking, and corporate access offerings.
Currently, Stifel’s global sales and trading team consists of traders across the US, UK, Europe, and Canada, with its offering encompassing: block trading, portfolio, and algorithmic trading, ETFs, commission sharing arrangements, options trading, and convertible and preferred trading.
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Jack Seibald, global co-head of prime brokerage services and outsourced trading at Marex, explained: “This partnership is a key differentiator that will further enhance our capabilities and complement efforts to expand the global reach of both firms.”