Simon Davidson, Chief Information Officer of Spectron, adds, "We are pleased to be taking the initial steps to join ConfirmHub during this time of incredible growth in the energy trading industry.

Oil broker Spectron has hired nine brokers and will enter the European fuel oil market on Sept. 1, the company said in an emailed statement on Thursday.

Commodities broker Marex Spectron said on Wednesday it has agreed to acquire Dublin-based Energy Broking Ireland Ltd (EBI), in a deal expected to be completed in February.

Marex Spectron Group hired a team of energy brokers from ED&F Man Capital Markets as the London-based futures and options brokerage presses ahead with its North American expansion.