Sucden Financial hires Rafael Caporale as Head of LME Options Market Making

Wednesday, June 12, 2019

Sucden Financial has hired industry expert Rafael Caporale as Head of LME Options Market Making, forming a new division within the firm.

Caporale will be responsible for establishing and running a dedicated options trading team, targeting clients looking for liquidity in LME options. He will be drawing on internal expertise and experience.

Caporale started his career in 2004 at Bache Commodities and began managing their options book in 2006. Following the acquisition of Bache by Jefferies and onward sale to Société Générale, Caporale was retained as Head of Metals Options Trading and Deputy Head of Metals Trading, until their withdrawal from OTC commodities in Q2 2019.

Deputy CEO Marc Bailey commented; “Rafael is very well-regarded within the market and has a proven track record in LME options, making him the ideal candidate to further enhance Sucden Financial’s portfolio of services and underlines the firm’s commitment to LME trading.”

Caporale commented; “Having worked with Sucden Financial as a counterparty for many years, I am now very excited to be a part of the family and be able to combine my market expertise in options with their extensive customer base. Together, these elements will make for a very successful mix both for the company and our clients.”

About Sucden Financial

Sucden Financial is a leading international derivatives and FX broker providing access to a broad range of markets, including exchange and OTC traded products, as well as equities, fixed income, foreign exchange and bullion.

The company was formed in 1973 as the London brokerage arm of Sucden, an independent leader in soft commodities trading.  Sucden Financial has since evolved into one of the largest brokers for traders, fabricators, producers, consumers, investment houses, hedge funds, commodity firms and retail brokers.

Sucden Financial is a ring dealing member of the London Metal Exchange (LME) and has access to major global exchanges, offering clients fast, direct access to worldwide markets.

All senior appointments to Sucden Financial Limited are subject to regulatory approval.

Based in the City of London, Sucden Financial also has offices in Moscow and subsidiaries in Hong Kong (Sucden Financial (HK) Limited) and New York (Sucden Futures Inc.).

Sucden Financial Limited is authorised and regulated by the Financial Conduct Authority (FCA).

Sucden Financial (HK) Limited is licensed by the Securities and Futures Commission (SFC).

Sucden Futures Inc. is registered with the National Futures Association (NFA).
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