Saturday, 24 January 2015

ADM takes over ICAP's base metals broking business

ADM Investor Services International Ltd (ADMISI) has boosted its commodity division with a transfer of the base metals broking operations from major broker ICAP (LSE: IAP.L - news) , it said on Wednesday. An emailed statement said the transfer was completed on Jan. 2 and the team trading on the London Metal Exchange (LME) would continue to be led by Robert Rees. "We are pleased to further strengthen our LME client offering with the addition of this ICAP team, enhancing our considerable strength in both LME and commodities," the statement said.

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