CWT

CWT: Key feature on the Business Times today, noting that its commodities division MRI Trading has seen its revenue grow five-fold since it was acquired by CWT in 2011. The acquisition propelled CWT to become a global trader of base metal concentrates. Since then, CWT has diversified into new products such as naphtha, and earlier this year, metals such as copper and nickel. The firm now trades about 1.5m tonnes of metal concentrates, making it the second largest independent trader of metal concentrates in the world The next stage of development for MRI will come from CWT's brokering division Straits Financial, which was recently granted the licence by MAS to conduct trading in futures contracts, allowing it to expand beyond over-the-counter derivatives and increase their suite of offerings to customers. There is a separate article today on BT on how Singapore push to become metals hub bears fruit as its players grow from just a handful 5 years ago to 140 now and they have expanded beyond trading