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Counterparty · Trading venue

Lakeshore Derivatives Exchange

Lakeshore Derivatives Exchange lists the agricultural, livestock and dairy futures contracts that the Quantitative Strategies division uses to hedge origination positions. IGUAKO became a direct trading participant in 2022. The venue's grain and protein contracts map closely to the exposures the firm carries through its agri-science and animal-health portfolio companies.

Type
Trading venue
City
Chicago
Region
North America
Relationship since
2022

The relationship

Direct venue access matters because the hedges are large relative to the underlying positions and must be placed quickly. Trading as a participant rather than through an intermediary reduces the cost of each contract and gives the desk sight of the order book. Lakeshore also supplies the settlement prices used in the Risk & Valuation Committee's monthly marks.

Services to IGUAKO and its clients

  • Direct trading participation in agricultural and livestock futures
  • Hedging of grain, protein and dairy exposures
  • Settlement price data for monthly valuation
  • Cleared derivatives margining through the venue's clearing house