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Commodities Briefing - Categorized | Market Moves more

The end of the commodities business on Wall Street

Posted on 07 August 2013

“Just being able to trade financial commodities is a serious limitation because financial commodities represent only a tiny fraction of the reality of the real commodity exposure picture…. We need to be active in the underlying physical commodity markets in order to understand and make prices.”
So said Blythe Masters about 3 years ago, as noted by the Financial Times. The occasion was a then-groundbreaking deal to buy RBS Sempra Commodities, which owned a lot of physical storage space. This was a groundbreaking move by Wall Street to move much deeper in the commodities machinery, right down to the housing of physical goods. For years, the conventional wisdom held that investment banks ought to jump in………………………………………..Full Article: Source


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VRS - who has written 37037 posts on Opalesque Commodities Briefing.


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