Energy/commodity Derivatives House of the Year: Societe Generale

Outright purchase of Newedge broadens SG's commodities capabilities

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Commodities markets have been characterised in recent years by their range-bound nature – for example, the key US benchmark WTI stood at around $93 a barrel (/bbl) in January 2013, and was almost exactly the same price in the second quarter of last year. But things then changed. In the intervening period, shale gas producers came online at the same time as geopolitical pressures – principally an attempt to hobble Russia by reducing the oil revenues it depends on – and volatility came back to the