Nomura hires metals trader launch gold‑silver futures
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- Nomura plans to expand its bullion trading business, moving from gold options into gold and silver futures and later silver options.
- Aleksander Ganchev was hired to lead Nomura's new precious metals trading effort, bringing experience from Standard Chartered.
- David Leigh said the hire is the first in a series of hires planned for the coming months.
- Nomura's currency trading desk has been active in gold options trading for over two decades and now targets gold and silver futures.
- Societe Generale is expanding its precious metals offerings to meet growing investor demand.
- Deutsche Bank is also expanding its precious metals offerings to meet growing investor demand.
Why it matters: Nomura gains a new revenue line by adding gold and silver futures to its desk, while investors—hedge funds and central banks—receive more trading venues, and the move intensifies competition among banks such as Societe Generale and Deutsche Bank for precious‑metals business in a market where gold prices have shattered records.
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