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JPMorgan metal futures unit included in commodities sale

Posted on 09 January 2014

JPMorgan Chase & Co, the world’s biggest dealer in over-the-counter metals derivatives, has added its metals futures brokerage to the sale of its physical commodities business, sources familiar with the matter said. A JPMorgan spokesman initially declined to comment, but later said: “JP Morgan’s metals futures brokerage is not up for sale and we continue to be committed to that business.”
The sources said the sale would include its London Metal Exchange (LME) open outcry floor trading team, one of the largest on the world’s premier metals marketplace. A deal could come later this month………………………………………..Full Article: Source


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