Specialised servicing and risk management
We execute and clear a significant proportion of the market activity on the London Metal Exchange (LME), the world's largest non-ferrous metals exchange. We also provide direct access to the CME’s base metal futures and options contracts, on its COMEX exchange. We provide base metals services for producers, consumers, fabricators and traders, brokers, financial institutions, hedge funds and investors in the commodity futures and options markets.
- LME and COMEX execution and clearing
- Direct electronic trading solutions
- Ring trading and commentaries
- Real-time access to spreads and spread quotes
- Expert hedging and risk-management assistance
- LME options liquidity and modelling
- Average pricing
- Warrant trading
Our LME membership
We are one of only eight Category 1 (ring-dealing) members of the London Metal Exchange (LME). It's a unique market which, since 1877, has provided producers and consumers of metal with the ability to hedge their risk against rising or falling prices, as well as acting as a physical market of last resort. While most major markets have migrated fully to electronic trading, category-one members at the LME have the right to trade by open outcry. This face-to-face interaction helps manage the complexity of the contracts, providing both liquidity and transparency. Our membership also provides access to the inter-office telephone market between LME members, and direct access to LMEselect, the exchange’s electronic trading system.
The team provides both voice and electronic futures and options execution and clearing for clients trading metals and other industrial commodities, including energy. They also provide services for softs and agriculturals, FX and other financial markets.
The team works for producers, consumers, fabricators and traders, financial institutions and hedge funds, as well as investors in the commodity futures and options markets. Skills and experience range from open-outcry trading floors, commodity brokerages and banks, to operations and support roles. Given the nature and complexity of the markets, particularly the London Metal Exchange (LME), the desk provides additional liquidity, also enhanced by direct access to our ring team.
With the extraordinary industrial and financial market growth in China and surrounding regions, we have expanded our footprint in Asia. Today we have arguably the largest team of Chinese-speaking LME specialists in London, supported by experts at our Hong Kong subsidiary, ensuring round-the-clock support and essential local knowledge. We now serve a wide range of clients with differing needs, from those looking to fix and protect against commodity price risks, to financial institutions looking to access a wide range of financial instruments.
We are one of just eight Category 1 members of the London Metal Exchange (LME) and have had a ring trading team for over 25 years. The membership gives us the right to trade on its unique open-outcry market. Our team is one of the largest and most respected, executing a significant proportion of market activity. Our traders, brokers and clerks spend their morning at our office before heading to the exchange’s modern trading floor in Finsbury Square.
The Fund Services team is made up of seasoned market professionals with decades of expertise that will help you navigate and understand the array of products and services available.
We provide specialist access to over 20 exchanges covering listed financial, equity, commodity and FX futures and options, as well as access to cash fixed income and OTC FX. Offering both electronic (FIX) API and voice-execution solutions, we provide trade assistance and liquidity sourcing for an extensive range of markets through a single access point.
The global macro picture is starting to present some downside risks in the near term as China's economy is set to slow further and supply-chain bottlenecks continue to cap growth. New orders and new export orders in China are contractionary, and we expect demand in Q4. Order backlogs and lead times for products will continue in Q4, limiting growth, and real consumption is weaker than it looks. Higher costs from shipping, raw materials and energy will take their toll on the consumer, and we expect end-user demand to suffer. The final piece of the jigsaw is the reduction in stimulus from central banks and how that will impact financial markets, bond yields, and the dollar has rallied while stocks corrected, but what will this trend continue?
Monthly commentary covering the FX markets, providing insights on recent developments on select currency pairs, this month we focus on Turkey. Inflation continues to rise and the Central Bank cut rates, as the Fed starts to become hawkish. The report includes a macroeconomic overview as well as desk comments and technical analysis on key currency pairs.