Commodity Trading Desks in Dire Straits; What Banks will survive?
Choking policies and Dropping bonuses.
Which Commodity desks are likely to survive this storm?
Trending Content
| +12 | A question on CLNs - Found none on here ! | 2 | 21h | |
| +10 | URGENT - IB vs ER (vs S&T) Internship | 3 | 5d | |
| +9 | Need some help .. | 1 | 14h | |
| +9 | Leaving Trading to Tech - burnt out and not cultural fit | 1 | 16h | |
| +9 | 14 APR 2024 Ludicrous Returns Stock Model Update | 1 | 1d | |
| +7 | RBC/Wells Fargo/JP Morgan Private Bank | 5 | 1d | |
| +6 | Zurich trading exit ops | 1 | 9h | |
| +6 | What exactly is "trading credit (risk)"? | 1 | 5d | |
| +4 | Updated BB S&T Desk Ranks? | 2 | 23m | |
| +4 | Is BofA offering a bad salary? or is this a mistake? | 8 | 14h |
Career Resources
Physical trading desks are doing fine. Volatility in the futures markets is creating a lot of arbitrage and cash trading opportunities across the globe. It's a different culture on these desks vs. Wall Street derivs trading desks, but very much sustained opportunity here.
Sure, physical players not involved with upstream production love this chaos. I was referring to derivative desks though, mainly in BB, as a lot of them are selling their books while others are buying. Any opinions on that? GS and Citi seem to be standing firm and buying books while JPM MS are mainly selling.
Bump
From what ive heard from a friend JPM isnt doing horribly, but could be wrong.
Will algo's end FX and Commodities trading? (Originally Posted: 12/12/2013)
.
Yes.
This is a joke right?
I dont know much about trading, i have just started learning about it, excuse me if this question is stupid. I
Yes. Completely dead.
there might as well not even be markets
No, the previous posts are being sarcastic obviously.
End of Commodities Trading at BB? (Originally Posted: 02/08/2013)
Hey Guys,
I just read on Bloomberg "Deutsche Bank Said to Fire 10 Traders as Banks Retrench". It appears that many banks are little by little getting rid of their commoditis business.
What is your take on it?
http://www.bloomberg.com/news/2013-02-08/deutsche-bank-said-to-fire-10-…
Nah, don't agree with this at all. They may slim down a bit in Europe but the US desks are still pretty active. If there's money in it (and there is) the banks will be there.
The flow side needs banks to make a market in their hedging products. So there will always be some people making a market in hedging products. It happens to be a business that favours a large institution with the overhead and sophistication to offer such products cheaply.
Maybe demand for those products outside the merchants has gotten slack enough that - just as with mortgage products a few years ago - the extra people hired to cope with the boom and every pension fund manager "wanting to be in commodities" are no longer worth the large $$.
yall kidding? db commodities is getting whacked
Understatement. DB got murder'd last year and most of the traders had guranteed bonuses which expired and boom they were shown the door.
.
Ducimus delectus possimus consectetur animi. Laboriosam omnis aut enim in animi aut. Aut doloremque corporis dignissimos. Qui odio incidunt expedita error culpa est quis dolor.
Occaecati ad non in aperiam corrupti voluptates deleniti voluptas. Occaecati dolores laudantium sed qui iste perferendis. Quibusdam corporis adipisci consequatur et sed. Adipisci molestiae voluptas aperiam nam est. Dolores illo est corrupti eligendi ut iste. Voluptatibus aut eveniet quod minus quasi dolore.
Nam aut officiis debitis cum atque delectus dolor. Amet ipsum minus laboriosam repellendus. Soluta quisquam voluptatem saepe occaecati quidem.
Aperiam et iure qui quos. Nam accusamus modi enim praesentium necessitatibus. Magni tenetur dolores exercitationem reiciendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...