Excellence in Traded Commodity Markets
Winner: MF Global
With a 225-year heritage of commodities trading, MF Global is one of the largest futures and options brokers in the world. MF Global is a leading member on more than 70 exchanges worldwide serving as a premier derivatives brokerage in agriculture and softs, energy products, industrial and precious metals, plastics, and environmental markets.
In agriculture (including grains, oilseeds and softs) MF Global continues to maintain a strong floor presence. With futures volumes moving from traditional pits to electronic platforms, their specialists serve as a hub for spotting trends and managing information flows, from agricultural products inception to their ultimate users. With agriculture teams in New York, Chicago, London, Sydney, and Singapore, MF Global is one of the world’s leading brokers of agricultural futures and options. In fact, MF Global is not only a leader in trade volume in agricultural markets, but also helped to found several of them.
Leveraging a long history of leadership in soft commodities their experienced trading desks provide seamless trade matching, price discovery, and order execution in these complex markets. MF Global also provides access to an array of counterparties to ensure speed and soundness of execution in the over-the-counter agricultural markets.
In energy (including oil, natural gas, emissions, and power) MF Global leverages a wide network of clients, offering an extensive, global pool of liquidity and access to trading opportunities. MF Global’s energy team serves a client base that includes some of the world’s largest oil producers and refiners. Their energy professionals provide a depth of expertise to ensure that clients continue to be the best-informed and most covered in the energy sector, providing seamless order execution, clearing and settlement from energy desks in New York, London, Mumbai, Sydney, Singapore and the greater China region. So, unlike other energy brokers who may turn over their overnight trading activity to a general brokerage desk, MF Global have dedicated energy specialists who staff their trading desks 24-hours a day. MF Global now also has a staff of middle office personnel who support the energy team exclusively, which further sets them apart from other major energy brokers.
MF Global’s expertise in the energy sector is also demonstrated by their consistent first- or second-place rankings in execution and clearing volumes on the NYMEX and ICE.
In the new emerging commodity markets, including the new and voluntary carbon markets, nuclear fuel, iron ore, coal, and freight, MF Global has stepped forward as a leading broker. They brokered the first registered VCUs on the APX VCS registry and were an early participant in the freight futures markets.
In metals, MF Global has broad talent and sophisticated expertise across the sector and a dedicated team of over 50 professionals offering an extensive range of products and solutions to industrial metal producers, consumers, traders and beyond. MF Global have been servicing the base metals community for more than 30 years. As a Ring Dealing Member on the London Metal Exchange, their team has built a reputation for superior performance in the core functions of market-making, order execution, trade clearing and contract administration. MF Global have displayed exceptional fluency in the kind of pricing problems that have confronted the metals business of late.
The MF Global workforce has extensive experience in strategic planning, research, and marketing for Fortune 500 companies, LME ring dealing and market making, precious and base metals brokerage, institutional managed futures trading, and in academia. While placing the highest importance on client order fulfilment, MF Global also offer customized hedge advisory services, as well as market strategy and outlooks to customers from desks and strategic partners operating around the globe.
Through its global reach, together with a comprehensive client, product and service offering, MF Global fulfils the traded commodity opportunities required by market participants, and in recognition of the votes cast and views of the Awards Panel is the deserved winner of the 2010 Award for Excellence in Traded Commodity Markets.
The Award for Excellence in Traded Commodity Markets 2010 was accepted by Joseph Posillico, Vice President Energy, from Master of Ceremonies Gyles Brandreth, celebrated British author, broadcaster, actor and former Conservative Member of Parliament.