Squarepoint has been hiring rapidly in metals, and is already one of the biggest cobalt traders and a major player in aluminum. Meanwhile, an offshoot firm created by Squarepoint’s principals is pushing into areas typically the preserve of specialist metals traders — buying ore from mines, or offering upfront payment for a guaranteed supply of future production. That company, STG Ltd., is now preparing for some of its biggest metals deals yet after bringing on a team of traders from a firm founded by industry godfather Marc Rich.
