Barclays Capital’s commodities derivatives business is growing fast: a revenue contribution that has risen to £89 million in 2002 from £38 million in 2001. It’s a business that is still only a fraction of the size of either that of Goldman Sachs or Morgan Stanley, the two giants of commodities dealing.
But the more interesting story is about how major customers are being drawn to Barclays because it can now do commodities deals in size, at keen prices and with top-quality advice on
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