Derivatives broker Britannia Global Markets announced the appointment of Neil Potter as a Metals Inter-Dealer Broker on Thursday.
The company also said it will go live as a Category 4 member of the London Metal Exchange (LME) this coming Monday.
Alongside the membership activation, the London-based firm announced the appointment of Neil Potter as a Metals Inter-Dealer Broker.
The Category 4 status gives Britannia direct access to the LME’s electronic trading platform, LMEselect, and the inter-office telephone market. It does not include Ring trading or clearing membership. Britannia will need to clear trades through a relationship with an LME Clear member.
The move marks a return to the LME ecosystem for Britannia, which surrendered its Category 2 membership in mid-2022 following the nickel market turmoil that prompted the exchange to halt trading and cancel trades. At the time, then-CEO Mark Bruce cited “market uncertainty” and said the firm would focus on over-the-counter (OTC) contracts.
The firm’s leadership has since shifted its outlook. Steve Pettitt, CEO at Britannia Global Markets, said the membership would enhance the firm’s metals offering for its international client base.
“Being able to trade directly via the LME will greatly enhance our metals offering from several standpoints, including pricing, transparency and above all credibility,” Pettitt said.
Jamie Turner, COO and Head of Trading at the LME, said the exchange welcomed the addition.
“We look forward to them bringing additional liquidity to our market,” Turner said.
Potter brings over 40 years of experience in the metals industry, having held roles at Anglo Chemical Metals, Refco Overseas, GNI, Sucden Overseas, Natexis, and Sigma Broking. His hire follows a broader desk build at the firm. In November 2024, Britannia rehired Neil Welsh as Head of Metals, and Francisco Gomes joined from Marex as a Metals Broker.
Britannia has described the expansion as a response to what it sees as a multi-year super cycle in metals and commodity markets, citing growing client demand for direct exchange access rather than OTC-only execution.
