Top Traders Lured to Growing Commodities Merchants

Reuters/Susana Vera/Files

Reuters – June 22, 2012

LONDON – The landscape is changing for commodities merchants as global economic strength swings east, encouraging them to diversify into new products and increase scale while they also can skim the best traders off struggling hedge funds and banks.

Moves by European and U.S. trading houses to leverage and expand their businesses from a focus on only one or two markets have led to a flurry of recruitment of high-profile traders in metals and agricultural commodities.

“Capital is concentrated in the larger trading organisations who can afford to expand into new product areas. Small niche players are being squeezed out of the market as they can’t get transaction finance,” said Jakob Bloch, chief executive of recruitment firm Commodity.

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