Engelhart Commodities Trading Partners joined Nasdaq's European Commodities market on Tuesday, as a non-clearing member.
Engelhart, a Stamford, Conn. headquartered concern, was founded in 2013 by BTG Pactual Group. It was spun off into an independent company, owned by the partners, three years later.
Engelhart, which has 13 offices in six countries, employs an asset light and highly diversified trading model. Though it was founded as a physical commodity trader, it lacked scale in most markets. Between 2017 and 2018 it dropped most of its physical businesses, though continuing on in Brazilian soybeans . . .
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