Spot the difference


Considering the massive interest in commodities right now, November's double index launch will not have gone unnoticed. On the same day, both JP Morgan and BNP Paribas launched new commodity indexes designed to tackle what has become known as "the roll-yield problem", a source of intense debate in the market.

While there is general consensus that commodities are riding the crest of the wave right now, the launches are illustrative of the debate over the best way to structure commodity-linked prod