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Commodities Briefing - Categorized | Market Moves, Trading more

For the masters of commodities at JPMorgan, a sense of deja vu

Posted on 30 July 2013

Fifteen years ago, a boom in global commodity trading was underway, and JPMorgan was late to the game. Trying to catch up with Wall Street rivals, JPMorgan recruited a young trader, Danny Masters. Within a few years, it had built a global platform that eclipsed its peers. At last it was a major player in markets from oil to metals.
Then it pulled the plug. Regulatory scrutiny in metals markets had tarnished its reputation; the gains from shipping oil around the world no longer seemed worth the risk. On Friday, history repeated itself…………………………………Full Article: Source


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VRS - who has written 38109 posts on Opalesque Commodities Briefing.


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