| On November 11, 2020, London-based Marex Spectron announced an agreement to acquire derivatives execution broker X-Change Financial Access (“XFA”). Seward & Kissel was pleased to represent Marex Spectron in connection with this cross-border, broker-dealer industry transaction.
Founded in 2001, Chicago-based XFA (with other offices in New York and San Francisco) is one of the leading volume brokers in global exchange-traded derivatives, including equity options, futures and futures options. Marex Spectron is a leading global commodities brokerage specialist, headquartered in London with 15 offices worldwide and over 800 employees.
Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping” and “also handles complex middle-market deals in the media industry and international sell-side M&A.“
The company’s announcement describing this transaction is available by clicking here. |
 |
