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About Traderight UK


About Traderight

Traderight Limited is a London Metal Exchange Category 5 member offering its customers efficient transaction processing. The company is a private limited liability company incorporated in England, authorised and regulated by the UK Financial Conduct Authority.

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Background

Traderight is a member of the London Metal Exchange. The Directors and shareholders of Traderight believe that the commodities market is primed for the introduction of independent, secure brokers focused on execution of trade and speculative flows in support of introducing brokers. The concentration of risk in a few large players will likely create opportunities for discrete brokers such as Traderight to establish a firm hold in the industry.

For the 14 years from 1997 to 2011, the Company performed as a UK regulated Commodity Trading Adviser (CTA). During this time it was also regulated by the US Commodity Futures Trading Commission (CTFC) and a member of the National Futures Association (NFA).

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Timeline

  1997-1998
Traderight designed systematic trading programme in 29 markets
  2004
Founded Labrador Fund
  2011
The company ceased acting as a CTA and began to explore the possibility of joining the LME
  August 2013
Traderight gains a number of new shareholders, including a UK-based commodity hedge fund, a European based Introducing Broker and a large Chinese commodities corporate located principally in Hong Kong and Shanghai.
  November 2013
Traderight commences trading as a LME category 2 Associate broker clearing member.
  May 2016
Traderight recategrorises as a LME category 5 member.
1997
  Traderight founded by Steven Spencer and Jacqueline Spangler as a CTA
  1998
Received SFA (Securities and Futures Association) permissions as a CTA and joined NFA. Company regulated by both SFA and CFTC.
  2012
Traderight hires a team to process the necessary regulatory and market applications to transform the company into a category 2 LME Broker
  September 2013
Traderight receives FCA approval for Variation of Permission and is approved by the LME and LCH (London Clearing House) as a Category 2 member of the LME
  January 2015
Traderight reclassifies as a LME Category 4 associate broker non-clearing member