The British non-bank issuer and latest entrant to the US market has seen a rebound of structured notes revenue from April’s selloff despite falling behind from its peak.
Marex Group (Marex) pocketed US$25.6m in revenue from structured notes in the third quarter, a rebound from the previous quarter’s US$21.1m when the overall market took a hit from April stock selloff. The business is still in recovery by revenue compares to US$30.7m seen in Q1 2025 and US$32.2m in Q4 2024 – the strongest quarter for Marex. For the period from January to September, the issuer gathered US$77.4m in revenue from structured notes, also referred to as ‘