Awards for Excellence 2007: Best Commodities House

Barcap is building a substantial commodity business to rival the big two, with particular expertise in energy, metals and emissions trading.

Awards for Excellence 

Also shortlisted in this category:
Morgan Stanley
Société Générale

Barclays Capital

Commodities has long been a two-horse race between Goldman Sachs and Morgan Stanley. The two banks stand apart from their competitors for their depth and breadth of coverage and for their long histories in the sector. As the winnings have increased, however, so too has the competition and it is clear that a third horse is coming up on the rails: Barclays Capital. In the energy derivatives business, one of the most important to commodities overall, Barcap now claims the number-two spot in both Europe and Asia, where it trails Goldman Sachs and Morgan Stanley respectively.

The UK bank is an important player in the energy and metals markets and has also been a pioneer in emissions trading, a market that is forging interconnections between oil, gas, and power markets, and is set to become increasingly important in its own right.

In October...

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