Banks burst

06 December 2006

Banks are looking to expand and grow in the commodities markets.

Citigroup have annouced that they are looking to set up a commodities trading team in the region of 20 strong. They have recruited a big hitter in Paul Mead, and will start with a continental power and gas trader moving in late Q1 to the UK. Morgan Stanley have also been interested in replacing some of the team that have gone to join Tudor and UBS have also recruited a continental power trader.

This interest in commodities is clear that their customers feel that these markets are very interesting, with significant volatility and the opportunity to manage customer risk, they no longer want to farm this out to players who charge them for information and access to market they want to be in it themselves.


Finance  Risk Management  Volatility 

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