Barclays Capital becomes PGM market maker

The move means the bank is obligated to quote two-way prices for spot and forwards out to one year in the two metals.

David Ruhs, a trader at the bank, will head the desk, which will be run out of the London office.

Barclays Capital was this year ranked in the top three of the platinum group metals (PGM)category of Risknews’ sister publication Risk’s energy and commodity rankings. Martyn Whitehead, director of precious metals sales at the bank, said the move would raise the profile of the bank’s PGM desk significantly.

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