What Triland Metals does

Triland Metals is a London-headquartered broker and market-maker specialising in derivatives on base, precious, and ferrous metals, operating as a wholly-owned subsidiary of Mitsubishi Corporation since 1986 (founded 1971). It functions as a Ring Dealing Member of the London Metal Exchange and is FCA-authorised, with additional LBMA and LPPM memberships, serving 240+ professional and institutional clients across 36 countries through offices in London, New York, Tokyo, Singapore, and Dubai that deliver 24-hour market-making across four time zones. Its customer base spans the full metals value chain — miners, smelters, manufacturers, recyclers, and merchants seeking price-risk hedging, alongside hedge funds, commodity trading advisors, and asset managers seeking volatility exposure.

The firm's technology stack is anchored by three proprietary platforms: Tri-X (an electronic trading system supporting exchange-traded and OTC contracts in base, precious, and ferrous metals with 21-hour quoting, multi-currency settlement in USD/EUR/JPY/GBP/CNH, and a nine-language interface), TriView (an online account management platform providing ledger, mark-to-market exposure, margin, and EMIR/Dodd Frank trade reporting), and Flashlight (an electronic platform for trading warrant spot premiums). Core product lines cover base metals (copper, aluminium, zinc, lead, nickel, tin, cobalt with tenors up to 10 years), precious metals (gold, silver, platinum, palladium including LBMA fixing), and ferrous metals (LME scrap and rebar futures and OTC forwards up to 15 months). Add-on services include warrants, tripartite financing facilitation, options (standard LME, TAPOs, OTC), averaging, repo, post-trade NPV forward discounting, and carbon markets research.

Triland's revenue model is primarily transaction-fee based, earning brokerage commissions on exchange-traded and OTC derivatives, supplemented by fees for facilitating tripartite financing arrangements between clients and Commodity Trade Financing (CTF) banks and for post-trade services. Go-to-market is enterprise field sales targeting professional and eligible counterparties under FCA rules, with case-by-case pricing, multi-year client relationships, and distribution via Tri-X, TriView, and direct trading desks. Marketing relies on direct relationships, educational seminars, and digital resources rather than mass-market channels.

Name

Triland Metals

Legal name

Triland Metals Limited

Website

https://triland.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

Triland Metals is a London-headquartered LME broker and market-maker specialising in base, precious, and ferrous metals derivatives. A wholly-owned Mitsubishi Corporation subsidiary since 1986, it serves 240+ professional and institutional clients across 36 countries through proprietary electronic trading platforms and 24-hour global desk coverage.

Ownership category

akta.pro rank

Product category

Metals Derivatives Brokerage

NAICS

Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231), Wholesale Trade Agents and Brokers (425120)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Commodity Derivatives (Energy, Metals, Ags) (FSACADAE)

akta.pro secondary industries

FX & Spot Metals Brokerage (FSAEACAK), Commodity Brokerage, Merchants & Structured Trade (Offtake, Prepay, Inventory/Collateral Mgmt) (IMAKAJAK), Precious Metals Trading, Marketing & Distribution (IMAKAEAH)

Keywords

• Metals derivatives trading
• Base metals brokerage
• Precious metals trading
• Ferrous metals hedging
• LME market making

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others, Infrastructure

Revenue model

1. Brokerage and Trading Commissions: Triland executes orders for professional clients and eligible counterparties, earning commissions and fees on exchange-traded and OTC derivatives transactions. Price is the most important execution factor, followed by likelihood of execution and settlement.
2. Tripartite Financing Services: Facilitates tripartite financing arrangements between customers and CTF Banks, providing financing flexibility through bespoke TPA arrangements.
3. Post-Trade Services and NPV Solutions: Provides post-trade liquidity solutions through forward profits at discounted net present value, and online account management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Triland Metals is a broker and market-maker specializing in the futures trading of non-ferrous metals. It operates as a Ring Dealing Member of the London Metal Exchange (LME), providing 24-hour market-making across four time zones (London, New York, Tokyo, Singapore) for exchange-traded and OTC derivatives in base, precious, and ferrous metals. The company serves 240+ corporate and institutional clients in 36 countries through proprietary electronic trading platforms (Tri-X and TriView) and direct trading desk execution.

Product overview

Triland Metals operates as a derivatives trading firm offering a multi-product platform across base metals, precious metals, and ferrous metals. The core offering consists of Tri-X (proprietary online trading platform with 21-hour market access) and TriView (account management platform), supported by specialized trading services for physical and derivatives products. Base Metals and Precious Metals trading form the primary revenue-generating activities, complemented by Ferrous Metals, Warrants, Tripartite Financing, Post-Trade Services, Carbon Markets research, Averaging, Options, Flashlight (warrant premiums), and Repo services. The portfolio serves 240 customers across 36 countries, providing hedging and price risk management solutions with 24-hour coverage through offices in London, New York, Tokyo, Singapore, and Dubai.

Differentiator

Problem solved

Functional benefit

Brands

• Tri-X: Proprietary online trading platform for base, precious and ferrous metals enabling customers to request quotes and place trades in just a few clicks.
• TriView
• Flashlight

Products and services

• Tri-X Online Trading Platform Proprietary electronic trading platform enabling professional clients to request quotes and execute trades in base, precious, and ferrous metals. Supports exchange-traded and OTC contracts up to 3 years forward with 21-hour quoting service, multi-currency settlement (USD, EUR, JPY, GBP, CNH), and nine-language interface.
• TriView Account Management Platform Online account platform providing registered customers with clear ledger information, mark-to-market exposure, excess funds, downloadable position statements, future settlements calendar, and EMIR and Dodd Frank trade reporting capabilities.
• Base Metals Trading 24-hour market-making service for exchange-traded futures and OTC contracts covering copper, aluminium, zinc, lead, nickel, tin, and cobalt, with tenors up to 10 years forward. Available across London, New York, Tokyo, and Singapore offices.
• Precious Metals Trading Gold, silver, platinum, and palladium trading services including spot, forwards, swaps, LBMA fixing, and LPPM fixing services with unallocated loco London clearing accounts.
• Ferrous Metals Trading LME scrap and rebar futures trading up to 15 months forward with OTC forwards available, supporting steel supply chain price risk management.
• Warrants Physical metal warrant trading service enabling purchase and delivery of LME-registered material across all six metals, with financing solutions and warehousing support.
• Tripartite Financing Financing arrangements with Commodity Trade Financing Banks (CTF Banks) providing customers with tailored TPAs combining Triland's metals expertise with bank financing facilitation.
• Post-Trade Services and NPV Forward Discounting Account management and liquidity solutions including TriView platform access, trade confirmations, daily position statements, margin calls, and NPV-based forward discounting.
• Carbon Markets and Sustainability Research Monthly research reports analyzing the impact of green transition on the global metals sector, providing insights and trend analysis for customer decision-making.
• Averaging Bespoke averaging service enabling clients to fix prices against monthly averages through swaps and customized quotational periods, available 24 hours from London, New York, Tokyo, and Singapore.
• Options Trading Standard LME options, TAPOs (Traded Average Price Options), and OTC options products for hedging and trading on most active LME metals.
• Flashlight Warrant Premium Trading Digital trading platform for warrant premiums market, enabling efficient electronic trading of warrant spot premium/discount pricing.
• Repurchase Agreements (Repo) Sale and repurchase arrangements with committed and optional structures for base metals, offering flexibility and one-stop expertise from Repo to hedge.

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Women 4 Metals (W4M)supportingGTM or Marketing PartnerTriland is a Premium Partner of Women 4 Metals, a women's empowerment initiative founded by Aurubis in 2019. The initiative aims to establish the metals industry as an attractive employer for women. Through this partnership, Triland promotes W4M and supports initiatives enabling women to build networks and develop careers.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Marex: Marex is a London-headquartered LME Ring Dealing member and global commodity derivatives broker offering base and precious metals market-making across multiple time zones; it is the closest publicly comparable direct peer to Triland, with overlapping product suite (futures, options, OTC, warrants) and a similar LME-anchored franchise.
• ED&F Man Capital Markets: ED&F Man Capital Markets is a London-based commodity derivatives broker and LME Ring Dealing member providing execution, clearing, and market-making across soft commodities and base metals; it competes with Triland directly for metals brokerage flow and Ring seats.
• StoneX Group: StoneX Group is a US-listed global financial services firm providing execution, clearing, and market-making in commodity derivatives including base and precious metals; it competes with Triland for institutional and commercial metals brokerage clients across multiple jurisdictions.
• Sucden Financial: Sucden Financial is a London-based broker and LME Ring Dealing member offering futures, options, and OTC derivatives across soft commodities and metals; it directly competes with Triland in metals execution, market-making, and clearing services.
• Cantor Fitzgerald: Cantor Fitzgerald operates a commodity brokerage franchise active in LME-related metals and other listed commodities, providing execution and market-making services to institutional clients; it is comparable to Triland as a specialist broker competing in metals and other commodity derivatives.

Broad incumbents

• Société Générale (Cross Asset Solutions / Metals): Société Générale operates a global metals trading and derivatives franchise serving industrial and institutional clients across base and precious metals; while much broader than Triland, its metals capabilities directly overlap with Triland's core offering and it competes in the same LME ecosystem.
• Goldman Sachs (Commodities): Goldman Sachs' Global Commodities franchise provides metals trading, market-making, and financing across base, precious, and ferrous metals as part of a much larger investment bank platform; its scale and balance sheet make it a key broad incumbent competitor for Triland's larger industrial and fund clients.
• JPMorgan (Commodities): JPMorgan operates a substantial global commodities franchise spanning base, precious, and ferrous metals with market-making, hedging, and financing solutions; it competes with Triland for institutional flow while leveraging cross-sell from FX, rates, and credit.
• ICBC Standard Bank: ICBC Standard Bank operates a global precious metals franchise with strong LBMA clearing and trading capabilities, competing with Triland's precious metals desk for institutional and industrial flow; it represents a broad incumbent peer in the same LPPM/LBMA ecosystem.

Emerging players

• Mercuria: Mercuria is one of the world's largest independent commodity trading houses with growing derivatives and financing capabilities in base and precious metals; while primarily a physical trader, its expanding market-making and structured finance presence overlaps with Triland's metals intermediation franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Triland Metals