SSY Futures expands into the agricultural commodities business

Initially focusing on grains, oil seeds and soft commodity derivatives, the new business aims to compliment SSY Futures’ existing portfolio in the freight and commodities space while leveraging on SSY’s global infrastructure and regulatory licenses in addition to its experience in dry bulk.

Operating out of its London office, the new desk will be headed up by Andrew Rechten, a commodities veteran who has previously held senior roles at Merrill Lynch, JP Morgan, Macquarie and SEB amongst others. Agricultural specialists, Francois Churland and Owen Scrimgeour will also join the team.

Speaking on the announcement, Jamie Pearce, Partner and Global Head of SSY Futures commented: “As one of the leading players in commodity derivatives, it’s important that we continue to evolve our portfolio so our clients can access the widest possible range of commodities. I’m delighted that we have expanded our reach once more with the launch of a dedicated Agricultural's desk and look forward to working closely with Andrew, Francois and Owen as we build the business”.

Also speaking on the announcement, Andrew Rechten, Head of Agricultural Derivatives, SSY commented: “SSY is one of the biggest and most successful ship brokers in the world and the team is delighted to be joining such an established and trusted brand. By leveraging on SSY’s scale and size, we will be able to better serve our client’s needs through enhanced market intelligence solutions, state-of-the-art execution infrastructure and information flow, in addition to seamless 24 hr 'Follow the Sun' coverage”.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/06032024/ssy-futures-expands-into-the-agricultural-commodities-business/