| Sucden | |
| Native Name: | Sucres et Denrées Group |
| Founder: | Maurice Varsano and Jacques Roboh |
| Location City: | Paris |
| Location Country: | France |
| Industry: | Financial services |
| Services: | Commodity broker, Sugar, Ethanol, Cocoa, Coffee |
| Num Employees: | 5,000 |
Sucden (Sucres et Denrées)[1] is a French-based commodity broker of soft commodities and other financial products headquartered in Paris. The firm started as a sugar broker and is now amongst the world leaders with a market share of around 15% in volume, or 9.5 million tonnes. It has offices in a number of countries around the world, including London and Hong Kong.
The company was founded in Paris[2] in 1952[3] as Sucres et Denrées by Maurice Varsano[4] and Jacques Roboh, who had started as sugar sellers in Morocco after World War II.[5]
In the 2000s, the company expanded into Russia, and began dealing in softs such as cocoa, coffee, and ethanol.[5]
It acquired the New York City-based Coffee Americas in 2014 and the Amsterdam-based Nedcoffee in 2015.[5]
| Sucden Financial | |
| Founder: | Maurice Varsano |
| Location City: | London |
| Location Country: | United Kingdom |
| Key People: | Marc Bailey, Michael Overlander |
| Industry: | Financial services |
| Services: | Brokerage firm Derivative (finance) Foreign exchange |
| Parent: | Sucden |
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 financial derivative contracts on 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.[6]