07.08.2013 - JP Morgan buys OTC commodity derivatives business from UBS

U.S. bank JP Morgan Chase & Co , which plans to stop trading in physical commodities, has bought the over-the-counter business in commodity derivatives of Switzerland's UBS AG, the banks said on Tuesday. The deal excluded precious metals and index-based trades, but included hedge positions on financial exchanges, UBS said in a statement. No financial details were released...............................................Full Article: Source

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