Sucden Lures Rafael Caporale to Head LME Options Business

FX and derivatives broker Sucden Financial has onboarded options industry veteran Rafael Caporale to run its fast-growing market-making operations, underscoring its determination to expand that business.

Rafael has been named Head of LME Options Market Making and in his newly-created role he will be tasked with overseeing the group’s dedicated options trading team, targeting clients looking for Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in LME options across the trade lifecycle, the company said.

Prior to Sucden, Caporale had been with the investment banking arm of Societe Generale Corporate (SGCIB) for over four years. He joined the French lender back in 2015 as a derivatives trader and has since worked his way up to head LME base metals trading and options market-making.

Before that he spent nearly ten years at Jefferies Bache where he served as LME Options trader and later senior vice president.

Sucden expands options business

The appointment of Caporale comes as Sucden is building up market positions in options and fixed income markets once occupied by banks.

Established in 1973, Sucden Financial is a derivatives broker operating in a broad range of markets, including Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and OTC traded financial and commodity futures and options, equities, and foreign exchange. Sucden Financial is part of Sucres & Denrées, which has a presence in over 30 locations worldwide.

Announcing the appointment, Sucden Deputy CEO Marc Bailey said; “Rafael is very well-regarded within the market and has a proven track record in LME options, making him the ideal candidate to further enhance Sucden Financial’s portfolio of services and underlines the firm’s commitment to LME trading.”

Caporale also added: “Having worked with Sucden Financial as a counterparty for many years, I am now very excited to be a part of the family and be able to combine my market expertise in options with their extensive customer base. Together, these elements will make for a very successful mix both for the company and our clients.”