Sucden Financial Limited, one of the leading commodities and futures and options broker, chose Brady plc's trading and risk management solution for base metal options pricing, according to the analytic providers' announcement today. As a category 1 member of the London Metal Exchange, Sucden will offer its clients the ability to enter into transactions, which are guaranteed by the London Clearing House (LCH). Specifically designed for professional derivatives traders, Brady will provide Sucden Financial with the ability to price on a real-time basis all exchange-traded derivatives including LME TAPOS (Traded Average Price Options) accurately and consistently with the market community.
"Sucden Financial has always been focused on providing clients with a service that is second to none," commented Hugh Le Fanu, head of Sucden Financial' s base metal options desk in London, in the release. "Brady plc is very much considered an industry standard among the commodity options market-making community, and therefore we are confident that with Brady's new price-making management solution we will not only meet but exceed our clients' expectation," he further added in the release.
Sucden Financials Limited's parent Sucres et Denrees SA, a company incorporated in France. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio