Tougher regulation and the departure of many banks from commodities are causing headaches for commodity brokers. Faced with this glum backdrop, a natural reaction might be to pull out of smaller or less profitable areas. But during the past 18 months, New York-based GFI Group has demonstrated a continuing commitment to some of Asia’s more specialised markets, including iron ore, steel and Australian power and gas.
In Australia, GFI re-launched its energy desk in January 2013, having originally le
The week on Risk.net, December 2–8, 2017Receive this by email