Base Metals Desk. 155 Bishopsgate London EC2M 3TQ United Kingdom. Tel +44 (0)

Transcription

1 155 Bishopsgate London EC2M 3TQ United Kingdom Tel +44 (0)

2 Contents 1. Tullett Prebon Overview of the company 2. The London Metal Exchange 3. Who we are 4. Services 5. tpmetaldeal 6. Commodities A growing asset class 7. Summary 2

3 Tullett Prebon One of the world s leading interdealer brokers listed on the London Stock Exchange Revenues of 910.2m in 2011* Offices in 21 countries worldwide, including London, New York and Hong Kong, with more than 2,400 employees Focusing on: Rates, Treasury, Volatility, Credit, Equities, Energy & Commodities and Non Banking *Source: Tullett Prebon Preliminary Results to 31 st Dec

4 The London Metal Exchange The world s largest non-ferrous metals market, established in 1877, and Europe s last open outcry trading floor the Ring Sets the global benchmark price for copper, aluminium, lead, zinc, nickel and tin Offers risk management for producers and consumers, and an efficient trading platform for speculator/investor flows LME volumes reached $15.4 trillion last year, up from $11.6 trillion in 2010, across three platforms the Ring, electronic and telephone As a category 2 member of the London Metal Exchange, Tullett Prebon is entitled to clear and issue contracts in LME futures and options using both telephone and Select (the official electronic trading system of the LME) 4

5 The two biggest contracts Aluminium Copper 5

6 Metal price performance over past ten years Copper, aluminium, lead and zinc trade in 25 metric tonnes per lot Source: Bloomberg data July

7 Metal price performance over past ten years Nickel and tin trade in 6 and 5 metric tonnes per lot respectively Source: Bloomberg data July

8 Our team Mark Sedgwick and Steve Walter head the desk specialising in fund execution; both joined from MF Global in London Mark s 13 years experience include 5 years at Newedge, while Steve worked at MF Global for 15 years Simon Underhill heads up the options desk and joined from Newedge Anna Stablum is a former metals correspondent and joined from Reuters and Bloomberg News Diana Murakhovskaya, previously at Macquarie Bank, assists the desk from New York 8

9 Services The non-proprietary execution desk specialises in accommodating trades for consumers, merchants and funds The highly experienced team assures discretion, speed and accuracy Substantial client volumes make it possible to execute deals without leaving footprints in the market The desk offers clearing and credit facilities 9

10 Services With a client-first strategy, the dedicated team offers flexible personal service and bespoke research Our reach within the market to producers, consumers and merchants provides the team with valuable information directly shared with clients making it possible to be ahead of the game Continuous monitoring of key industry drivers and catalysts to provide immediate client updates Tullett Prebon s regulatory profile places emphasis on top-day matching, which promotes timely trade clearing and streamlines end-of-day settlements of margin payments Our electronic trading solution is called tpmetaldeal 10

11 tpmetaldeal tpmetaldeal is specially designed to meet clients needs and allows fully risk-managed trading Through FFastFill Plc, a software provider to the global derivatives community, the electronic trading system provides straight-through routing to the bourse s LMESelect It offers fixed connectivity capabilities and various execution types, including stop limits, ghost orders and random icebergs Full service and assistance is given during the operating hours of LMESelect 11

12 Growing asset class Commodity index investment flows (USD bn) Source: Deutsche Bank 12

13 LME vs Oil, Gold, S&P Index, DJ Index past 10 years Source: Bloomberg data July 2012 (nominal values) 13

14 Summary Boutique-style metals desk Non-proprietary Experienced team Fast and accurate service Discreet execution so no footprints Electronic trading platform tpmetaldeal Credit and clearing facilities Bespoke research and information 14

15 155 Bishopsgate London EC2M 3TQ United Kingdom Tel +44 (0)