Commodity Derivatives

In Commodity Derivatives, we serve the global energy and metals trading needs of diverse clients. These consist of producers and consumers, including several utilities, refineries and airlines in North America, South America, Europe and the Far East, gas marketers, trading companies, hedge funds and other financial institutions and dealers.

We occupy a leading position in the Derivatives marketplace with some 1300 clients worldwide and over 170 staff based in New York, London, Singapore, Tokyo and Paris. We have a focus on all industrial commodities, including energy products, base metals and precious metals.

Within Commodity Derivatives, there are two core teams:

Our Futures team (Commodity Futures Limited and Commodity Futures Inc.) acts as an intermediary. They provide execution, clearing and margin finance services for contracts traded on major European, American and Asian Commodity Exchanges. The OTC group (Commodity Index Transactions) acts as principal, transacting swaps and options with clients under bilateral agreements. This is a client-driven, market-making activity.

We’re proud of our strong credit rating and have received several industry awards, including the Energy Business Gold Award for Energy Trading (2005).