| Morgan Stanley has bought Deutsche Bank's bulk commodities trading book dealing in coal, iron ore and freight forward contracts to expand in commodities derivatives, a source familiar with the matter said on Thursday.
The deal marks an apparent return to iron ore for the Wall Street bank, which exited the market by last year, and an expansion in coal and freight. The acquisition will broaden Morgan Stanley's customer base, making it the counterparty for structuredtransactions with a wide range of end-users...............................................Full Article: Source
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