Commodities finding favour
Drew Bradford, head of European FX institutional sales and commodities at Deutsche Bank, said that for 2003, sales of commodity-based products would have made up around 1% of the total. He estimated that this year will see that figure rise to 5–10%, while next year it could be as high as 20% of the desk's sales.
At many of the leading banks, FX sales teams have increasingly been looking to market commodity-based products in a bid to ensure they can maintain last year's bonus and overall revenues
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