Sucden


Sucden is a French-based commodity broker of soft commodities and other financial products headquartered in Paris. It started as a sugar broker where it is amongst the world leaders with a market share of around 15% in volume in, or 9.5 million tonnes. It has offices in a number of countries around the world, including London and Hong Kong.

History

The company was founded in Paris in 1952 as Sucres et Denrées by Maurice Varsano and Jacques Roboh, who had started as sugar sellers in Morocco after World War II.
In the 2000s the company expanded into Russia, and began dealing in softs such as cocoa, coffee and ethanol.
It acquired the New York City-based Coffee Americas in 2014 and the Amsterdam-based Nedcoffee in 2015.

Subsidiaries

Sucden Financial

Sucden Financial is Sucden's London-based multi-asset execution, clearing and liquidity provider for FX, fixed income and commodity instruments. Sucden Financial's parent is Sucden, a company incorporated in France. The group's main activity is sugar trading,
Sucden Financial is a member of the world’s major commodities exchanges, is one of only 9 Ring-Dealing members on the London Metal Exchange and is able to deal in virtually all commodity and financial futures and options contracts, as well as foreign exchange and fixed income.
Clients trade agricultural commodities such as sugar, coffee, cocoa, cotton and grains and oil seeds, industrial commodities such as base metals, steel, iron ore and energy, precious metals to foreign exchange and other financial instruments.

Other subsidiaries