Macquarie and Nomura form commodity alliance

Australia's Macquarie Bank and Nomura Securities, a Japanese securities and investment banking company, have agreed to establish a business alliance in commodity derivatives, which will provide commodity derivative and commodity-based investor products to customers in Japan and other Asian markets.

The alliance will focus on providing Nomura clients with direct access to over-the-counter (OTC) derivatives in base and precious metals and agricultural and energy risk management products, including regional energy products such as the Japanese Crude Cocktail (JCC) as well as global energy pricing benchmarks such as West Texas Intermediate (WTI) and Brent Crude Oil.

The venture will also provide Japanese investors with greater access to the fast growing commodity-based investor product market