Markets

MARKETS

METALS

As a Ring Dealing member of the London Metals Exchange (LME), the ED&F Man Capital Markets Metals team has built a reputation on superior performance in the core functions of market-making – order execution, trade clearing and award-winning market intelligence.

Product coverage as ‘Category 1’ Ring Dealing Members of LME:

Brokerage

Electronic access to LME Copper vs Comex Copper Arbitrage

Averaging

Electronic access to LME Copper vs Comex Copper Arbitrage

Through operations in London, New York and Hong Kong, our metals team provides 24-hour trade execution and clearing services for both exchange-cleared and over-the-counter markets. Our coverage includes base metals, ferrous metals, industrial metals and precious metals, including (but not limited to) silver, gold, copper, platinum, palladium and aluminium.

Our globally integrated team of specialists focuses exclusively on the sophisticated risk management and trading requirements of our diverse client portfolio of producers through to end-users and merchants, index funds, hedge funds and CTA’s. This ensures that we’re equipped to handle your metals trading requirements at every step of the journey.

A wealth of metals expertise helps our market-leading specialists to provide high-level market insights.

EQUITIES

ED&F Man Capital Markets offers execution, clearing and financing services to hedge funds, asset managers, broker-dealers and banks across the broad spectrum of equity markets, exchange traded funds (“ETFs”), single-stock options, ETF Options and Index Options.

EXECUTION SERVICES

We offer clients access to liquidity via all means of execution and for a wide variety of customer types targeting multiple markets. Our experienced equity trading team is able to source liquidity for large block orders in single-stock, ETF and Index Options. We manage execution risk for large orders and baskets of equities, as well as providing clients with screens to route trades across all US equity and options markets.

EQUITY CLEARING AND PRIME BROKERAGE

We offer Clearing and Prime Brokerage services to broker-dealers, market makers, hedge funds, family offices and other institutional investors. This includes a full suite of execution tools, advanced margin financing, real-time risk management, and customized reporting solutions.

SECURITIES LENDING AND EQUITY FINANCE
In addition to certain customized equity finance solutions, we secure liquidity in the equity market between hedge funds, banks and other broker dealers looking to borrow securities, to settle short positions or lend securities to finance long positions.

AGRICULTURAL

We help to provide appropriate hedging solutions to a customer base encompassing the entire supply chain, from farmers through to industrial consumers.

Blending the heritage and experience of ED&F Man Group with our Capital Markets expertise, we offer a business ethos focussing on integrity, trust, client care and effective risk management.

Our services include:

  • Futures & Options clearing services
  • Direct access to more than 40 exchanges
  • Price Competitiveness and fast executions
  • 24/7 execution

Products traded include coffee, sugar, cocoa, cotton, milling wheat, rapeseed, wheat, corn, soya bean, soybean meal & soybean oil.

FOREX

We provide our clients with 24-hour global coverage for the best execution on OTC and Forex futures market trading products. Our strong and extensive network of relationships across the entire the marketplace means we are able to facilitate all of your FX and international currency trading needs.

We offer 24 hour “follow the sun” brokerage support for futures and options traders via global execution desks. Our professional and experienced teams can execute orders across multiple asset classes and markets, including Forex, commodities, and widely across Capital Markets.

FX TRADE DESK

24 hour market making and support

Spots

Forwards

NDFS & NDOS

Precious Metals

Exotics

Frontier Markets Specialist Team

G20 Options

We can access and provide clients with liquidity for all major currency pairs (thereby facilitating Dollar/Euro/Sterling/Yen forex trading), as well as emerging and frontier markets. This affords our clients with a truly comprehensive forex trading offering, covering a broad variety of global currency pairs, and backed by leading market expertise and forex trading knowledge.

We blend market-leading brokerage services with investment banking knowledge. Our expertise lies in structuring and executing FX market deals for institutions, corporate, hedge funds, professional traders, trading groups and high net-worth individuals.

ELECTRONIC ACCESS

eFX solutions available

Liquidity from over 20 market makers

FUTURES & OPTIONS

Our global futures and options product offering provides our clients with specialist clearing and execution services in interest rate products, equity derivatives markets, foreign exchange (Forex) markets, cryptocurrency futures, softs/soft commodity markets, energy markets, freight markets, agriculture markets and metals markets.

BROKER DESK SERVICES

Clearing member of the world's leading exchanges, including CME, ICE Group and Eurex

24-hour "follow the sun" market access

24-hour e-trade customer support

We offer 24 hour “follow the sun” brokerage support for futures and options traders via global execution desks. Our professional and experienced teams can execute orders across multiple asset classes and markets, including Forex, commodities, and widely across capital markets.

We provide dedicated brokerage and trading account management services to our clients and can provide off-exchange liquidity when required. We also offer access to a comprehensive suite of third-party trading and execution platforms to cater for our clients’ every requirement, including CME, ICE Group and Eurex.

BROKER DESK SERVICES

Dedicated account representatives

Order supported by phone and other electronic mediums.

Access to over 40 leading global futures and options trading markets

Cyrptocurrency Futures

ELECTRONIC ACCESS

DMA Access

DEA Access

Server Collation Available

Comprehensive Suite of ISV's

Execution

MEMBERSHIPS  INCLUDE:

CLEARING HOUSE MARKETS MEMBERSHIP CATEGORY
CME Group CME, CBOT, COMEX, NYMEX, DME, MGE, FEX GLOBAL, ERISX FCM
Option Clearing Corp CBOE, ISE, C2, THE SMALL EXCHANGE FCM
Eurex Clearing EUREX GCM
ICE Clear ICE EU, ICE US, ENDEX GCM
ECC EEX AG, EEX ASIA, EPEX SPOT, NODAL GCM
LCH LSE CURVE GCM
LCH EURONEXT NCM
CDCC THE MONTREAL EXCHANGE GCM
NSCC NASDAQ, PHLX GCM
LME Clear LME Category 1
REGION MARKETS
EMEA DGCX, IDEM, MEFF, Nasdaq Stockholm AB
AMERICAS B3
APAC ASX, BURSA, HKFE, JPX, KRX, SGX, TOCOM, NZX

FIXED INCOME

GOVERNMENT BONDS

Our team can provide safe, anonymous access to liquidity from traditional sources. Our innovative and robust IT infrastructure for trading, auction systems and HFT providers means we’re able keep our clients at the cutting edge – at every step of the journey. We offer voice and electronic coverage and execution services, and our experienced team is on hand to guide you throughout the process.

We also offer US Treasury Clearing for Basis Trading and Relative Value Strategies. Furthermore, ED&F Man Capital Markets is self-clearing and a member of the Depository Trust Company (DTC), the Fixed Income Clearing Corporation (FICC), and the Options Clearing Corporation (OCC).

We offer voice and electronic coverage and execution services, and will guide you on:

Basis trades

Short-term relative value trades

Curve trades

Auction-related trading

We offer voice and electronic coverage and execution services, as well as US Treasury Clearing for Basis Trading and Relative Value Strategies.

CORPORATE BONDS
Each day we help thousands of counter-parties across the world access corporate bond markets. We are ideally placed to help you source liquidity on ECN bonds.

AGENCY MORTGAGES AND STRUCTURED PRODUCTS
We help institutional investors – from mortgage originators to global macro funds and government agencies – source liquidity in specified pools and structured products, including TBAs, CMOs and CLOs.

REPO
We offer institutional investors, future commission merchants, hedge funds and mortgage REITs cost-effective, innovative ways to manage collateral, margin and excess capital. We cover US government securities as well as agency and non-agency mortgage backed securities – with deals ranging from overnight funding to long-term financing.

FREIGHT

Our dedicated, and industry-leading team specialises in freight and the industrial commodities required for the carriage of cargoes, alongside common products that are transported on the dry bulk and tanker markets.

We provide hedging availability for cargoes including: crude and distillates, coal, ores, metals, grains and other agricultural products. We also provide daily pricing and forward curves, and boast an extensive core understanding of physical shipping and operations, making us ideally placed to assist our clients as they navigate this dynamic asset class.

ED&F Man Capital Markets is a member of the SGX, ICE, CME and EEX trading exchanges, as well as the Baltic Exchange & Forward Freight Brokers Association, and is trusted by a global client base of leading names across the freight sector.

SHIPPING CLEARING:

SGX, ICE, CME and EEX

Comprehensive product coverage

Dry Bulk Index and Single Routes

Wet Freight–Clean and Dirty Tanker Routes LNG Routes

Swaps, Futures & Options on FFAs

Daily pricing and forward curves available

Core understanding of physical shipping & operations

Bunker hedging & FX services

Members of the Baltic Exchange &  Forward Freight Brokers Association

Extensive Client Base

FERROUS METAL AND BASE MINERAL

Clearing: SGX, CME, ICE, LME and EEX

Iron Ore – All grades

Steel Billet & Scrap

Ferrous Scrap

Hot Rolled Coil

Coal

ENERGY

Clearing access to all listed and OTC products  on NYMEX Clearport, ICE, EEX and SGX.

Easy facilitation for NYMEX or ICE Participant registration

Screen execution: WebICE, CME Direct or ISV Platforms

Voice Execution from an experienced team with 24 hour coverage

Expert Post-Trade Team with full knowledge of products and client requirements

Bank Tri-Partite Margin accounts for Physical Hedgers

ENERGY

Our energy division, located in New York, London and Dubai, trades for the whole spectrum of clients, ranging from institutional market participants, producers and end users, as well as hedge funds, CTAs, market-makers and banks.

We are trusted to act as clearer for some of the largest and most reputable institutions and trading houses in the world. Across multiple exchanges, our experienced teams provide execution and clearing services for oil and oil products, freight, coal, iron ore, emissions, gas and power on exchange-traded and cleared-OTC products. We match buyers and sellers in liquidity pools they cannot access from the screen.

Combined with our clearing platform, IT infrastructure and dynamic risk tools, we offer a multi-dimensional level of service.

Arbitrage Products

Calendar Spreads

Option Markets

Crude Locations and Grades

Combined with our clearing platform, IT infrastructure and dynamic risk tools, we offer a multi-dimensional level of service across the spectrum of energy clients.

We provide client facilitation in futures, calendar swaps, customised strips, fly, condor and box spread trading.

  • NY USSD-IPE Gasoil Arbitrage (HOGO)
  • WTI-Brent Arbitrage
  • Various Product Crack Spreads & Ratios
  • Calendar Spread Options
  • WTI-Brent Spread Options
  • Product Options
  • Interexchange Switches
  • Cleared OTC Energy Futures
  • Physical (WTI) Calendar Month Average (CMA)
  • Natural Gas

Power and Emissions
Access to EEX, ICE, Endex and CME
Pan-European, Japanese, Singaporean and US power.
Emissions product offering includes monthlies and dailies on:
EUA’s
CER’s
Aviation offsets
UK emissions
Physical delivery of emissions certificates.

CRYPTOCURRENCIES

Since the inception of the Bitcoin network in 2009, cryptocurrencies have grown from a once fledgling asset class to one which gained mainstream institutional recognition when the CME group launched the first Bitcoin futures contract in December 2017.

ED&F Man Capital Markets adopts a dynamic approach to cryptocurrency trading and futures, offering our clients access from the contract’s inception, rather than the “wait and see” approach of many of our peers. Our aim is to provide our clients with a world-beating, institutional-grade offering, allowing access to regulated cryptocurrency products listed on the CME and ICE Bakkt exchanges. As a result, we are now a global market leader in the field of crypto trading, offering a multi-dimensional service across a range of digital assets. Our expertise and network facilitates access to cryptocurrency trading instruments for clients including hedge funds, family offices, proprietary trading firms and Bitcoin miners. In addition, our experienced brokerage team provides access to execution and clearing services for Bitcoin exchange traded derivatives and Ethereum exchange traded derivatives.

We provide an institutional grade offering for regulated cryptocurrency products on the CME and ICE Bakkt (cryptocurrency futures and options). Unlike unregulated crypto exchanges, we offer an innovative, best-in-class segregated funds solution, giving clients’ assets protection, whilst also reducing counterparty risk. We facilitate physical settlement of ICE Bakkt BTC contracts and EFPs (exchange for physical) on the CME cash-settled BTC futures.

We also offer access to leading custodial solutions, which are facilitated by our strong and valued partners, to provide basis trading execution and capital efficiency opportunities. Our clients benefit from these competitive margining solutions. Clients can access both the central limit order book through our integrated vendors, or ‘off-screen’ liquidity for large, negotiated block trades through our network of specialist brokerage counterparties. High frequency and/or systematic clients can co-locate at the CME to achieve low latency execution. Our experienced global trade support, risk and operational teams provide coverage to all global time zones, for all pre and post trade queries.

  • We provide an institutional-grade offering for regulated cryptocurrency products on the CME and ICE Bakkt (cryptocurrency futures and options).
  • Unlike unregulated crypto exchanges, we offer a best-in-class segregated funds solution, giving clients’ assets protection, while also reducing counterparty risk.
  • We facilitate physical settlement of ICE Bakkt BTC contracts and EFPs (exchange for physical) on CME cash-settled BTC futures.
  • We also offer access to leading custodial solutions, which are provided by our strong and valued partners, to provide basis trading execution and capital efficiency opportunities. Our clients benefit from these competitive margining solutions.
  • Clients can access both the central limit order book through our integrated vendors or ‘off-screen’ liquidity for large, negotiated block trades through our network of specialist brokerage counterparties.
  • High frequency and/or systematic clients can co-locate at the CME to achieve low latency execution.
  • Our global trade support, risk and operational teams provide coverage to all global time zones, for all pre and post trade queries.