This statement is being published in accordance with section 54 of the Modern Slavery Act 2015 and constitutes our slavery and human trafficking statement for financial year ending 31 December 2018.
OSTC Limited is a privately owned proprietary trading company founded in 1999. We have established ourselves as one of the leading liquidity providers within the futures market participating on the largest exchanges in the world. The markets in which we operate and the physical products they represent (gas, oil, wheat, coco) it is important to recognise that we do not take physical delivery nor do we have any links with the physical product supply chains. We deal only with the financial elements of these products and markets.
OSTC employs approximately 485 people in its 12 offices trading in 6 countries around the world and our key assets are our people, our values and our expertise.
Our Code of Conduct defines high standards of ethics and business conduct that we expect from ourselves. Through our whistleblowing arrangements and processes, we encourage all employees to report any concerns related to activities or the supply chains of OSTC Limited, including any circumstances that may give rise to an enhanced risk of slavery or human trafficking.
We are committed to preventing acts of modern slavery and human trafficking within our business and we want our supply chain to support a zero-tolerance approach to modern slavery. To achieve this goal, we aim to do business only with counterparties and partners who respect the human rights in all their business activities and prohibit the use of forced labour.
This makes clear that we expect all of our suppliers to comply with the Statement and to ensure that working conditions in their operations meet (or exceed) international labour standards. In particular, suppliers should ensure that:
– there is no forced labour and employment is freely chosen.
– the right of freedom of association is respected and encouraged by the employer
– no child labour is used
– living wages are paid (wages should always be enough to meet basic needs and to provide some discretionary income)
– no harsh treatment is used or discrimination practised
– workers are not pressurised to undertake overtime they do not wish to do and
– a safe and hygienic working environment is provided
We expect our suppliers to:
– put in place sufficient systems to monitor and take responsibility for compliance with social policies
– conduct regular assessments of their operations to identify any non-compliance cases
– develop remediation plans to resolve non-compliance cases
– regularly monitor the effective implementation of remediation plans
– make sure that their suppliers and sub-contractors ensure that workers’ conditions in their operations meet or exceed the above standard