The global metal derivatives markets have become an invaluable risk management tool for the diverse clientele of the Energy and Commodities business line of BNP Paribas. The LME provides the liquidity, pricing reference, and delivery mechanism essential to the global base metals trade. BNP Paribas has recognised the importance of this service by joining the LME.
Commenting on this step, Dominique Remy, global head of Energy & Commodities at BNP Paribas said, "The mission of our business line is to provide a complete range of financial services to the global commodities industry. Our metals clients will be able to benefit from our full commitment to their business."
Jonathan Arginteanu, Managing Director of BNP Paribas Commodity Futures Limited comments, "We are delighted to have been accepted at the LME. We will construct a business which will benefit our fellow members as well as BNP Paribas' wide range of metal customers."
Notes to editors:
BNP Paribas is the global leader in the provision of financial services to the commodities sector through its Energy and Commodities business line. BNP Paribas Commodity Futures is a specialist subsidiary, within this business line. This activity began in 1985 with the mandate to act as an institutional commodity futures and options broker. Its clients include state organisations, industrial, financial, and trading companies. The activity employs 75 staff divided between New York and London and is the only brokerage company dedicated exclusively to commodity markets.