Commodity Trading Desks in Dire Straits; What Banks will survive?
Choking policies and Dropping bonuses. Which Commodity desks are likely to survive this storm?
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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)
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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.
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