Euronext looks at sugar, biofuels, metals in commodities push

Euronext, the equity, bond and derivatives exchange, is looking at sugar, biofuels and metals as potential markets to develop as it tries to expand its presence in commodity derivatives, it said on Tuesday. After losing most of its commodities team when it was spun off from Intercontinental Exchange last year, it has since recruited a specialist in vegetable oils and biodiesel and another in metals, Nicholas Kennedy, its head of business development for commodities, said.

"We are looking at lots of areas, like metals and energy," he told a press presentation. "We want to diversify."