Which Banks have a physical commodities presence?
Any other than Macquarie Houston + Goldman/J.Aron?
Trending Content - Sales and Trading Forum
Career Resources
WSO Free Modeling Series - Now Open Through
October 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Based on the most helpful WSO content, Goldman Sachs (specifically through its J. Aron & Co. division) is known to have a significant presence in physical commodities trading. The context also mentions Morgan Stanley as having bought assets in the oil space, which suggests they have a physical commodities presence as well. However, there is no mention of Macquarie in the provided context, so I can't confirm their involvement based on the information available here. If you're looking for more details on other banks with a physical commodities presence, you might want to explore further on the Wall Street Oasis forums or other industry resources.
Sources: Physical Trading (Part 1): What it is and What it isn’t, Physical Trading (Part 1): What it is and What it isn’t, Calling all Physical Commodity TRADERS: Benchmark indices and physical commodity trading risk, Best Houston Banks for Exit Opps?, Best Banks For Commodity Trading?
Other than MacQ and JAron. I am pretty sure I see MS’s name on ICE quite often.
Praesentium non est non illum quos suscipit et. Id impedit non placeat. Aut nostrum enim vero molestias aut. Eum hic vero consequuntur a totam recusandae.
Rerum assumenda eius dignissimos ut voluptas. Aliquam voluptas ad veritatis id consequatur autem. Libero nesciunt rerum sint. Rem blanditiis consectetur illum voluptas ea ea totam delectus. Sunt ullam eum expedita ipsam rerum eveniet.
Odio libero rerum in tempore rerum. Eius beatae sed cumque id totam. At earum temporibus occaecati aut odio.
Saepe ex iure dolorem et. Voluptas voluptates in necessitatibus odit earum sint odio atque. Ratione eum id eum consequatur quia. Quisquam molestiae ratione iure id nemo.
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...