Sonntag, 5. Juli 2015

Wie JPMorgan im Rohstoffmarkt: Citigroup cornered Edelmetall-Derivatemarkt

Die einflussreichen Big Player der amerikanischen Finanzindustrie lassen mal wieder die Muskeln spielen.

JPMorgan übernimmt quasi im Alleingang das Ruder im riesigen Rohstoff-Derivatemarkt, während Citi nun den Edelmetall-Derivatemarkt kräftig aufwirbelt..

Citigroup Just Cornered The "Precious Metals" Derivatives Market

Tyler Durden's picture

One week ago, when we scoured through the latest OCC quarterly derivative report (in which we find that the top FDIC insured 4 US banks continue to account for over 90%, or $185.5 trillion of all outstanding derivatives which as of March 31 amounted to $203 trillion; nothing new here), we found something fascinating: based on the OCC's derivative update, JPM had literally cornered the commodity derivatives complex, when from "just" $226 billion in total Commodity exposure, JPM's notional soared by 1,690% in one quarter to $4 trillion, or about 96% of total..
However, another big question remains: just what is Citigroup - not, not JPMorgan - with the Precious Metals category.
Here is the chart showing Citigroup's Precious Metals (mostly silver now that gold is lumped in with FX), exposure over the past 4 years. Of note: the 1260% increase in Precious Metals derivative holdings in the past quarter, from just $3.9 billion to $53 billion!



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