Richcomm Global Services' brokerage and clearing business concentrates on an established and selective client base including commodity traders, grain merchants, shippers, processors and speculators. The company focuses on value-adding activities within the following areas of operations:
Richcomm Global publishes over 50 propriety research reports each month, covering everything from technical indicators, weather forecasts to Daily Market Reports, on a restricted local and global client base distribution. The circulation is to the key bona ﬁ de decision makers, concentrating on precious metals, energy, base metals and agricultural products.
Client Risk Proﬁling and Trading Support
Richcomm Global acts purely as advisor and never as principal and thus does not have any conﬂict of interests with clients. This includes resources to identify and manage client commodity price management or hedging strategies, whether for processors or producers, objectively. The company continuously monitors client performance, against the agreed risk mandate, in the case of discretionary clients, and appropriate hedging strategies for the diﬀerent categories of trade clients.
The company has invested in cutting edge technology to secure direct channels to execute client orders in real time. Richcomm Global has 8 execution terminals on line at all times. Where possible, the qualiﬁed dealers are encouraged to 'pre-allocate' all client orders sequentially and this is monitored independently by the internal Audit and Compliance Oﬃcers
In addition, Richcomm Global provide direct market access for selected clients to execute their own orders on DGCX. The company also advises oﬀ-shore clients on managing global commodity risks. The key philosophy at Richcomm Global is to establish and maintain an unparalleled back oﬃce, administrative and compliance operations.
Client Administration and Technology Support
Richcomm Global has invested in software to ensure that the company beneﬁts from meeting client back oﬃce queries eﬃciently. All Richcomm Global clients can receive a daily portfolio report on their hedging, risk exposure, cash and margins. Further, all clients receive a monthly report on the valuation of their portfolio that includes the balance on all accounts and the current open positions. The company considers back
oﬃce as the cornerstone of building market conﬁdence in global commodity operations and it maintains an ongoing schedule for key staﬀ training.
Compliance and Audit
The philosophy of Richcomm Global is to ensure total transparency between the company and its client is of paramount importance. The company has always separated the function of compliance and trading and, currently, has two compliance oﬃcers and one alternate oﬃcer. In addition, the company has an independent Audit oﬃcer to ensure that the company complies with the regulatory requirements of DGCX and SCA.