SSY enters Nuclear Energy space with acquisition of leading US-based brokerage, Uranium Markets

SSY, the world’s largest independent shipbroker has today announced that its commodities arm, SSY Futures is to enter the nuclear energy space with the 100% acquisition of US-based brokerage, Uranium Markets LLC, effective 1^st August 2025.

Founded in 2014, Uranium Markets, which comprises of four highly experienced brokers located in both the US and the UK, has quickly established itself as the leading brokerage in the nuclear energy sector. SSY will partner with the brokerage, who will continue to trade as Uranium Markets, to leverage on their considerable success in nuclear energy and explore further growth opportunities.

Undoubtedly one of the most dynamic markets in the world right now, the nuclear energy market has huge potential for further growth. With an ever increasing global population where digital dominance is standard, the requirement for additional, sustainable power sources has never been greater.

Added to this, as reliance on highly sophisticated, energy intensive technology such as Artificial Intelligence (AI) continues to grow, so too will the need for reliable, clean energy sources. As a result, many major global operations including Google, Meta and Microsoft are already turning to nuclear energy to facilitate their additional power supply requirements.

Speaking on the acquisition, Jamie Pearce, Partner and Global Head of Derivatives, SSY comments: “As the energy landscape continues to evolve, it is important that we, as one of the biggest global players in Derivatives reflect that in our commodity portfolio. Nuclear energy will change the power matrix significantly so from a strategic point of view, it makes sense for SSY to enter this space. I’m delighted to be partnering with Uranium Markets, whose standing in the market is unrivalled and excited for what we can achieve together”.

Stanko Jekov, Managing Partner, SSY continues; “Today’s announcement represents another important milestone in SSY’s expansion roadmap. Nuclear will be a game changer in the power markets so it’s very exciting to be entering this sector in partnership with the Uranium Markets team. From our side, as a world-class, leading broker in both physical and financial commodity markets, SSY has both the scale and the size to help facilitate Uranium Markets’ future growth ambitions”.

Also speaking on today’s announcement, Joe Kelly, Uranium Markets, CEO comments: “The Uranium Markets team is thrilled to be integrating into SSY, a top tier brokerage company with a global reach, to support the growing demands of the nuclear fuel industry. We align well with the ethos of SSY – both regarding ourselves as primarily focused on building strong relationships in order to best service our clients’ unique demands”.

Kelly continues: “We look forward to expanding our business by liaising with SSY’s client base and are confident this move will enhance our client experience and our objective to provide the uranium market with transparency and liquidity”.