down a broad field of interested parties. In choosing HKEx as its new owner, the LME have selected a party that not only paid a highly attractive price but – critically – secured the marketplace (pledging not to move the LME from London and to keep its open-outcry trading floor), as well as bringing huge potential upside in Asia.
The London Metal Exchange is set to achieve another record year’s trading in 2012 – a milestone year which along with the sale to HKEx saw work begin on building a new clearinghouse which is set to go live in 2014 – adding to profitability and improving service to members. Trading liquidity has built on record volumes in 2011 and bucked the downward trend seen at other exchanges.
Average daily volume is up 8.5% from 2011 with 633,702 lots trading per day. Up to the end of September, 119.1 million lots traded, the equivalent of US$10.9 trillion in notional turnover – up 11% from the corresponding period last year. (107.0 million lots).
Commodity House of the Year BNP Paribas Citi
Deutsche Bank Macquarie Bank Morgan Stanley
Rank 2 5 4 3 1
Today, Morgan Stanley Commodities is a global team comprising over 400 professionals from over 40 countries ... including traders, originators, salespeople, quantitative analysts, traffic support, analysts and principal investment personnel, spread around the globe.
Morgan Stanley’s expertise in the paper business has evolved alongside its physical business since its inception in the early 1980s into a derivative and physical trading platform which provides the duality of offering a total physical and derivative risk management solution to clients. Their presence in the entire commodity supply chain allows them to speak credibly on real-time demand and supply flows occurring in the market. With its active presence in these markets, Morgan Stanley offers clients the ability to take advantage of market opportunities as well as manage the price risk inherent in their business.
Fuad Egeli, Managing Director in the Commodities Division, Morgan Stanley
Morgan Stanley is a leading commodity trader providing 24 hour global coverage for all commodities markets. They are a market leader in trading energy (crude, oil products, natural gas, power, coal, LNG, emissions), freight (dry, wet), metals (base, precious, ferrous) and agricultural (softs, grains) worldwide. Their international team of commodities professionals trades physical commodities and associated derivatives and futures.
More extensive details of the winners can be found online at the Commodity Business Awards website
The Commodity Business Awards were adjudicated by Commodities Now magazine and numerous market specialists. All correspondence associated with these awards should be addressed to: Guy Isherwood, Publisher/Editor, Commodities Now magazine T: + 44 (0) 20 7801 0303 E: gish@commodities–
now.com
To keep informed of next year’s event visit
CommodityBusinessAwards.com
Diarmuid O’Hegarty, Deputy CEO, London Metal Exchange
© Isherwood Production, 2012 28 December 2012
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