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Article: Commodity Desks Still Staffing Up: Fears of price declines can't dampen enthusiasm for asset class.
- Article from:
- Investment Dealers' Digest
- Article date:
- January 29, 2007
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Despite signs that commodity prices may have peaked for the foreseeable future, it is difficult to find an investment bank that isn't beefing up its commodity trading, sales and product development capabilities. The consensus seems to be that whatever happens on pricing, it will be the new entrants to the market and the demand for new products that will make commodities a hugely profitable area for years to come.
Goldman Sachs and Morgan Stanley are widely acknowledged as the leaders in generating revenues from commodity trading. Both Barclays Capital, which argues it belongs right behind those two, and Societe Generale, which also has a well-established ...