CFH Clearing Launches Liquidity Offering for Five New Base Metals

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

CFH Clearing

CFH Clearing Launches Liquidity Offering for Five New Base Metals

May 11, 2019

CFH Clearing base metalsCFH Clearing announced the expansion of its multi-asset liquidity offering by launching five new base metals: Aluminium (XAL), Copper (XCU), Nickel (XNI), Lead (XPB), and Zinc (XZN).

The FX liquidity provider and prime of prime brokerage which is part of TradeTech Group, the financial unit of Playtech PLC, is ensuring competitive prices for the new commodities thanks to strong relationships with specialist liquidity providers.
Andy Biggs, Head of Liquidity, CFH Clearing commented:

“In line with market demand, our focus is on offering institutional clients a range of asset classes. We have worked hard to add five new base metals to our liquidity stack as a rolling spot product. This means that these base metals look familiar to clients who are used to our FX liquidity and can easily be integrated into their platform, fitting in like any other CFD product. There’s been an increasing electronification of base metals and we feel that the five base metals we have selected are liquid enough to offer a competitive spot price. We look forward to announcing further products and asset classes in the near future.”

The FCA-authorized prime brokerage solutions provider has recently integrated PrimeXM’s XCore technology in London (LD4) and Tokyo (TY3) to strengthen CFH’s liquidity offering and to provide local liquidity to brokers and clients in both data centers.
Playtech acquired the liquidity provider for $120 million in 2016. With this decision, Playtech entered the B2B market after first joining the Forex B2C business in 2015, with the acquisition of and in a $225 million deal.

Earlier this year, CFH Clearing has promoted Paul Groves to the newly created role of Head of European Sales.

In late 2018, CFH Clearing promoted Julia Free to head its newly restructured compliance unit which will see the merging of legal, compliance and onboarding into a single department in future. She had joined CFH Clearing in 2014 and has worked in a variety of functions including onboarding/compliance management.

CFH Clearing has over 600 institutional clients in more than 80 countries and is authorised and regulated by the Financial Conduct Authority (FCA).

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