Sucden Financials Secures Head of LME Average Price Trading

Sucden Financial, , clearing and liquidity, announced this Wednesday that it has appointed Thomas Hodge as the Head of LME Average Price Trading.
In this role, Hodge will build and run Sucden’s new average pricing function within its LME business, the company said in today’s statement seen by Finance Magnates. This new function will build upon the firm’s existing ability to facilitate LME hedging requests.
In particular, the new extended service will provide a dedicated averaging service which can generate an exact match between client risk and the LME’s daily date structure, the company said.
As part of his new role with Sucden Financial, Hodge will develop quantitative analytics and models for use within the firm’s LME trading business.
Commenting on the appointment, Marc Bailey, the CEO of Sucden Financial said in the statement: “I am delighted to welcome Tom. His extensive experience will help enhance our base metals offering to our diverse client base, through our category one LME membership. We remain fully committed to developing our solutions and continue providing a full service to clients at this difficult time.”
Thomas Hodge joined Sucden Financial from CWC
Hodge joins Sucden Financial from Commodities World Capital (CWC), where he was the Co-Chief Investment Officer. In this role, he managed the company’s LME base metals portfolio.
During his career, which spans across more than a decade, Hodge spent more than seven years with Credit Suisse. According to his LinkedIn, he joined the Swiss bank in June of 2005 as an Associate, which commenced his career in the financial industry.
After leaving in 2012, Hodge went on to found Vilk Commodity Services, where he developed and oversaw their base metals strategy. Hodge is also a first-class honours graduate in Mathematics from the University of Oxford and has completed a PhD in Pure Mathematics at Imperial College, London.