JP Morgan wins the Asia Risk commodity derivatives rankings 2011

Changing faces

Ray Eyles - JP Morgan
JP Morgan's Raymond Eyles

The past 12 months has seen highs and lows for commodities dealers. Trending markets and low levels of volatility, particularly across the oil and gas complex, resulted in lean profits for many market participants in 2010. Corporate hedging remained low, especially in the most heavily covered energy segment, with traditionally large energy price hedgers, such as airlines and refiners, largely staying on the sidelines.

Moreover, those market participants that were active needed to stick to

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