Data Management

10:11 AM
Connect Directly
Facebook
Google+
Twitter
RSS
E-Mail
50%
50%

BGC Partners Adds Precious Metals Desk In Expansion of Commodities Trading

Hires Bob Davis from BNP Paribas in London to manage forwards, interest rate swaps and EFP broking.

BGC Partners has established a precious metals desk to work alongside its existing base metals desk of the past eleven years, according to a company release today.

BGC is tapping Richard Yeabsley, head of FX options in London, to manage the precious metals desk, which will provide broking services in options, forwards, interest rate swaps (IRS), exchange for physicals (EFP) and Nymex Clearport products. BGC Partners will also provide global coverage in broking the precious metals via offices in London, New York, Sydney Singapore, Tokyo and Hong Kong.

In addition, the firm has hired Bob Davis, who has 22 years in the bullion market, to manage the forwards, IRS and EFP broking. Davis was previously global head of precious metals sales and marketing at BNP Paribas in London.

In a statement, Shaun Lynn, president and CEO of BGC Partners, said, “The creation of this desk is closely aligned to BGC Partners’ overall growth strategy and will both add to and strengthen our existing commodities franchise.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
5 Things to Look For Before Accepting Terms & Conditions
5 Things to Look For Before Accepting Terms & Conditions
Is your corporate data at risk? Before uploading sensitive information to cloud services be sure to review these terms.