Commodities Desks at Banks
I know trading houses have been buying up commodities businesses from banks over the last few years, and I was wondering which banks still have dedicated commodities desk. More specifically, I am interested in hearing which banks still have physical trading operations, versus purely financial commodities desks
MS, GS still have various physicals trading desks. The Canadian Banks do some physicals ( I know Scotia is big in power, and TD is big in gas). I dont know much about metals or ags tho. I would look at going to a major or trading house if you want to get into energy. The Banks run very lean and its hard to get a spot esp. with FICC in the toilet right now.
Bump
GS, JP, MS, Citi, BAML,Mac
Commodities desk (Originally Posted: 10/07/2007)
Hi all,
Could those on commodities desks (or those who know), kindly shed some light on some or all of the following regarding these desks. Given, much of it will be firm-specific, but your insight would be useful, nonetheless.
for different commodities, what constitutes an average or large volume?
is the business more client-driven or prop.?
and going forward, what are the hot commodities: agric., oil, metals, weather?
finally, any interview experiences from those who joined the desk as graduate hires.
Thanks.
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