SCB BROKERS AS NEW RIB TIER 2 MEMBER ON LME
Friday, August 09, 2019
August 8th, 2019 marked an important step for SCB Brokers as they became a TIER 2 Registered Intermediating Broker (RIB) Member on the London Metal Exchange.
SCB has a proven record in developing new illiquid and opaque markets. Through this membership, SCB will be able to help develop, build liquidity and arrange trades in LME’s newly launched contracts including ferrous, LME precious, trade options, aluminium premiums, alumina, molybdenum and cobalt cash-settled contracts.
“We are very proud and excited to have finally become a member of LME RIB and of a wider metal’s community. This is a major step for us in growing our coverage in commodities overall and more specifically in products which help to reduce carbon emissions globally. We look forward to developing new futures and options contracts in EV battery materials together with LME and the trading community by bringing liquidity and transparency into a variety of metal and chemical markets” - commented Natalia Beales, Business Development Project Coordinator in MGR Components.
The London Metal Exchange, established in 1877, is the world centre for the trading of industrial metals. Through LME, producers and consumers of metal have the ability to hedge against the risk of increasing and decreasing world metal prices. RIB Brokers are execution only brokers, who can broker trades for clients and members on an anonymous basis and block trades on LMESmart.
For more information about the London Metal Exchange RIB Tier 2 membership, please visit: https://www.lme.com/About
SCB Brokers Its First Platts-Based Brazil Soybean Swaps
Monday, July 01, 2019
By Megan Durisin and Isis Almeida
(Bloomberg) Two cash-settled swaps traded today based on the Platts assessment for FOB Santos prices, according to Jean-Baptiste Thebaut-Fries, a broker at the Nyon, Switzerland-based company.
- One 5,000-ton contract traded at $1.10/bushel over August CBOT futures, and another for October traded at $1.15/bushel over November futures
- Seller was Olam Europe BV and buyer was ETG, SCB says
- Brazil has widened its lead as the world’s top soybean exporter, and its prices have become less correlated with U.S. oilseed as Trump’s trade war with China roils global trade flows, spurring a need for new hedging products, Thebaut-Fries says by phone
- NOTE: Commodity Broker SCB Trades Its First Thai Rice Swap
To contact the reporters on this story:
Megan Durisin in London at firstname.lastname@example.org
Isis Almeida in Chicago at email@example.com
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Millie Munshi, Patrick McKiernan
SCB Wins 6 Awards 2019
Tuesday, March 19, 2019
Energy Risk Commodity Rankings_ the return of geopolitical risk - Risk
SCB wins six awards in the Energy Risk Commodity Rankings 2019, click link for full story.