Exchange Traded Derivatives
Our Metals Group provides clients with professional services and solutions on the global metals markets. As a world leader in clearing and execution, Newedge is a Category 1 Ring dealing member of the London Metal Exchange (LME) and a clearing member of the New York Mercantile Exchange (NYMEX).
In addition, our Metals Group offers the following:
Trading
- Access to LME Select via Ffastfill, Patsystems and GL Trade
- Access to LME floor via the Newedge floor team
- Access to OTC bullion markets
- Averaging
- LME/COMEX arbitrage broking
- LME average pricing broking
- EFPs/EFSs broking
- Option broking
- Access broking service into Shanghai Futures Exchange (SHFE)
- Auto email recap to traders
- Warrant financing
Middle Office and Back Office
- Full clearing services
- Real time access to accounts
- FIX access for order routing
- FIX drop copy
- Rule based give-up allocation
- CSV files posted to back office
- Cross exchange offset margining
Electronic Trading and Order Routing
We provide electronic trading solutions in the metals markets. Our offering includes:
- intuitive, multi-functional screen layouts, delivered ready to trade
- routing of all orders to LME Select and CME Globex during exchange hours
- views of all executed, partially executed and working orders, on a real-time basis
- FIX connectivity
- Straight Through Processing
- post execution services
Metals Portal - MetalsEdge.com
Newedge customers enjoy an easy gateway to trading applications and market information from our firm’s dedicated metals website. The site includes access to our proprietary MetalsEdge electronic trading platform, live industry newsfeeds, LME/COMEX/precious metals market data, live FX feed, and more.
Membership marketshare for Metals Futures & Options
| | Execution | Clearing |
| LME | 13.6% | 7.3% |
| NYMEX | 16.5% | 18.5% |
- as of Sept., 2009
