Energy traders see biggest bonus increases on the street
COMMODITIES HAVE BEEN hawked around, speculated on and hedged for centuries, but Wall Street’s attitude towards trading them has been highly erratic. Plenty of firms have viewed it as an interesting niche business, ploughed money in, got burnt on a large position that their infant businesses were too small to swallow, and shut up shop. True, most businesses at bulge-bracket banks get scaled back as the profitability of any given market dictates.
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