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Commodities Briefing - Categorized | Market Moves more

JPMorgan exiting commodities, leaving keys with Mercuria?

Posted on 11 February 2014

The frontrunner to buy JPMorgan’s (JPM) commodities trading division is reported to be Geneva-based trader Mercuria. Never heard of them? Don’t feel bad; few outside of the trading world probably have – but their rise has been the stuff of Hollywood.
According to Reuters, Mercuria was founded by Marco Dunand and Daniel Jaeggi, who both worked as executives at Goldman Sachs and then at trading house Sempra, which was later bought by JPMorgan from the Royal Bank of Scotland for some $2 billion in 2010………………………………………..Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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