Comprehensive, expert and tailored service
We provide futures and options brokerage for industrial users of gold, silver, platinum and palladium, as well as for market makers, brokers, funds and traders, covering all hedging and speculative requirements. We also provide access to OTC forwards, swaps, options and spot contracts through our range of specialist FX services.
We're a full member of the London Bullion Market Association (LBMA), and provide clearing and execution services for COMEX and NYMEX futures and options, together with other global exchange-traded and OTC precious metal contracts.
- Direct electronic trading access
- Spot and forward dates up to 12 months
- Option pricing, modelling, risk and lifecycle management
- Taking and executing orders based on the London fixing prices
- Expert hedging and risk-management assistance
- Working your orders round the clock
Precious metals play an integral part in our advanced e-FX offering, making up some of our highest-traded currency pairs by volume. We provide direct electronic access, acting as an STP riskless principal.
Our OTC FX option service also provides a bespoke way to hedge and speculate on precious metal prices. Clients may use our advanced electronic platform with independent pre-trade data and analytics, providing transparent pricing.
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.
Over the last ten years, our e-FX team has augmented the firm’s established infrastructure and long-term counterparty relationships, to create award-winning e-FX liquidity solutions. The team specialises in providing bespoke access and technology solutions for aggregated FX spot, forwards, swaps and bullion liquidity. They also provide access to ECNs, third-party credit intermediation and FX clearing. Our experts regularly provide opinion at industry conferences and trade publications, and are actively involved in training and events with the ACI, the leading FX Financial Markets Association.
The specialist OTC FX Options team uses our established banking relationships to augment our established infrastructure. The team offers a wide range of experience from both the buy and sell side, in not just OTC FX, but also listed derivatives at both banks and brokerage houses. They have built a truly innovative FX option service, using cutting-edge technology and our award-winning liquidity, bringing a new and transparent custom-hedging experience to the market.
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.
Metal prices have rallied so far in 2021, in line with improving economic data and risk appetite, largely due to improving vaccination rates across the globe. Europe was slow to roll out vaccines, and as a result, has seen lower economic growth and weaker metals demand. However, the disconnect between supply and demand is set to continue in the near term as supply struggles to keep up. The global chip shortage is having an impact on the auto market, and there is no quick fix to this problem. Physical traders in China are reluctant to pay the high prices, but the fund community remain heavily involved. We expect metal prices to remain supported in Q2, but we are seeing early signs that supply is responding, but this will be more of a factor in H2 2021.
Commentary and analysis covering OTC currency option pricing, volatility and positioning.
Monthly commentary covering the FX markets, providing insights on recent developments on select currency pairs. Precious metals are the focus of this month's FX Monthly report. The report includes a macroeconomic overview as well as desk comments and technical analysis on key currency pairs.