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
The week on Risk.net, December 9–15 2017Receive this by email