ABN Amro cuts commodities trading business

News

Dutch bank ABN Amro has ceased its crude oil, freight and natural gas market-making operations globally, with the aim of concentrating more on its precious metals and emissions-trading businesses.

Commodity-market sources said they had heard that the dealer had suffered losses in freight, metals and natural gas, but that it did not have much left in the way of positions to unwind in the markets in question.

"There is some misunderstanding here - what we did was to concentrate on precious

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: