Derivatives House of the Year: JP Morgan

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Blythe Masters, JP Morgan

JP Morgan is a colossus in the global commodity derivatives market. Amid tougher bank capital requirements, tighter rules on over-the-counter derivatives and a decrease of hedging activity in some corners of the market, the bank continues to make rivals jealous. In an exclusive interview with Energy Risk, Blythe Masters, New York-based head of global commodities, says it is still possible for JP Morgan to be a bank and maintain a sustainable business as a dealer of commodity derivatives.