ED&F MAN Capital Markets Partners With Ballinger & Co


Fast-growing Foreign Exchange specialist Ballinger & Co. (“Ballinger”) and ED&F Man Capital Markets Ltd. (“MCML”), the leading global financial brokerage, are pleased to announce they have entered into a partnership.

The collaboration between the two businesses combines Ballinger’s innovative deliverable Foreign Exchange offering for corporate and institutional clients with MCML’s world-leading capital markets expertise, tier-one settlement capabilities and global footprint.

As part of the relationship, MCML will provide spot and forward FX liquidity to Ballinger, enhancing their capacity to offer flexible terms to clients via a credit facility. In total, Ballinger has secured £10m of new funding and facilities from ED&F Man Capital Markets and other undisclosed investors.

The announcement of the partnership comes at a pivotal point in Ballinger & Co.’s expansion.  In 2020, Ballinger traded over $1.75Bn of FX on behalf of its clients, achieving more than double its projected revenue. The headcount in its London office grew to 19 people, with Ballinger attracting some of the industry’s greatest talent.

Gary Pettit, Chief Executive Officer UK, ED&F Man Capital Markets, said:“Our collaboration with Ballinger is a perfect example of our ability to be nimble, entrepreneurial and to work with partners to bring together best in class solutions for our clients.  I am sure that this will be the first step of many in our journey together.”

Commenting on the partnership, Tom Dudderidge, CEO of Ballinger & Co., said:

“Entering into this partnership with ED&F Man Capital Markets is a landmark moment for Ballinger. MCML’s liquidity and settlement capabilities will revolutionise our client offering, their team is world-class, and we look forward to deepening our collaboration. It concludes what was a transformational year for us and, looking ahead to this year, we are set to capitalise on our ambition to become the market-leader in the Deliverable FX space.”

Source: Ballinger & Co

Related articles

  1. This is the first phase of implementing NDF and Spot Matching, and streaming relationship venues in Asia.

  2. FIX Tests IPO Automation

    Refinitiv has released an ‘Evolution of Trading’ series covering equities, fixed income, and FX.

  3. The Code sets out principles of good practice in the FX market.

  4. David Mercer, CEO of LMAX Group, said the largest institutions will soon be entering the crypto sector.

  5. Bid FX clients will be able to submit trades directly to leading CCPs.