UBS launches OTC agricultural derivatives

The team, based in London and Singapore, will start operating in the second half of this year. It will initially trade sugar (raw and refined), wheat, corn, rapeseed oil, cotton and soybean (oil and meal), before branching into other commodities in 2008.

Simon Games-Thomas joins as head of the agriculturals team from the Commonwealth Bank of Australia (CBA) in Sydney, where he consulted on agricultural derivatives. He will be based in Singapore and will report to James Paget, head of commodities marketing for Europe and Asia. John Reeve also joins from CBA to market agricultural products in Singapore, and will report to Games-Thomas.

John Watson will set up the agricultural derivatives trading desk in London. He too joins from CBA, where he was a senior commodities trader. He will report to Jeff Waldron, the global head of commodity derivatives trading. Jonathan Deane joins as a trader on the desk, also from CBA, and will report to Watson.

UBS won the metals category of Risk’s Energy and Commodity Rankings 2007 (see: Going for Gold). It had been trading exchange-traded agricultural derivatives products for many years, and in 2005 began expanding its commodities coverage following client demand. The launch of OTC agricultural products is another step in the development of this business.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here