In recent weeks, the commodity markets attracted a lot of attention a matter of trading commodities in physical form by the major investment banks. The U.S. regulator alleged fact that the institutions can manipulate prices such as energy and precious metals. The market speculation that the Fed forbid investment banks have raw materials in physical form, thereby repealing their decision decades ago, which allowed for such practices.
This means that these institutions will be able to deal only in derivatives related to commodity prices, such as futures contracts and options.
As a result, banks such as JP Morgan and Goldman Sachs significantly reduced their operational activities associated with the storage and trading of natural resources. On Monday, there is information about the intention to withdraw from the market as Morgan Stanley.
This issue is not the only case of suspicion of manipulation of commodity prices. Earlier this week, the U.S. regulator FERC (Federal Energy Regulatory Commission) called company BP to respond to the accusations associated with the manipulation of natural gas prices in Texas.
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oscarjp
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