14.10.2008 - Fundamental changes in commodities trading
From FT: The financial crisis is shaking up the commodities market. But while the focus so far has been on falling prices, the critical impact is centred in the market’s plumbing: the over-the-counter deals, where companies, investors and banks trade in private, bilateral contracts. The crisis is generating a double problem. The collapse of banks such as Lehman Brothers has elevated counterparty risk as market participants fear that the other side of their deals could default on its obligations...... Full Article: Source