NEWSBREAK: ECTP shrinking base metals physical book to focus on financial trading - sources

Engelhart Commodities Trading Partners (ECTP) has been reducing its physical base metals book in recent weeks to focus more on financial trading, with new hires including former CCI trader Saurabh Sharma expected to start in early 2019, Fastmarkets has learned.

ECTP declined to comment when contacted by Fastmarkets on Thursday November 8. "They have reduced their physical trading and pretty much liquidated the aluminium stocks they held in Rotterdam and the United States," a well-informed source said. ECTP will retain its warehousing business and its traffic operations but reduce its physical metal operations while increasing its proprietary trading activities in metals under the helm of Paul Crone, who joined the firm in February, the...

Published

Perrine Faye

November 08, 2018

18:12 GMT

London