When the leaders of Navig8 allowed TradeWinds a rare glimpse inside the group’s inner sanctum in London in November 2018, the theme was change.

The firm, founded by former Glencore traders Nicolas Busch and Gary Brocklesby, had always prized proprietary data.

But now the switch would be to understand that information better, increase transparency and share it with clients rather than hoarding it in-house.