OTC trading will live on, SG’s top US commodity trader says

Corporates still need banks for complex, structured deals, says Koppel

Jim Koppel, Societe Generale

As a 40-year veteran of commodities trading, Jim Koppel has seen the markets transformed more than once over the course of his career.

Lately, the dominant trend has been the greater use of exchange-traded products; as post-crisis regulations have raised the cost of trading over-the-counter derivatives, market participants have shifted much of their activity into futures.

That potentially poses a problem for Koppel, head of commodities for the Americas at Societe Generale (SG). Based in New York