Trading

Marex sued over claims it ‘misappropriated’ trade secrets

Lawsuit alleges two employees replicated RVassets’s options trading software

London-based developer of algorithms for options trading claims proprietary technology was misused
London-based developer of algorithms for options trading claims proprietary technology was misused Photo: Getty Images

Marex is being sued for allegedly misappropriating trade secrets and fraud by RVassets, a London-based developer of algorithms for options trading.

In a lawsuit filed on 27 September at the US District Court in Chicago, RVassets claimed that ED&F Man Capital Markets — which was acquired by Marex in 2022 — improperly accessed and replicated the firm’s options trading software.

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