Getting physical

Long-time commodity powerhouse Goldman Sachs takes top spot in Asia Risk's first commodity derivatives survey. But the chasing pack is making its presence felt in the region, as more banks look to create a physical set-up in the sector. By Joe Marsh

Commodities are attracting attention in Asia like never before. During the past 12 months, commodity prices almost across the board have hit historic highs. And dealers and brokers involved in the sector have reaped large profits in Asia, particularly from the in-pouring of investment capital.

The banks are responding with aggressive hiring efforts and even indications they plan to move beyond their traditional strengths and trade physical commodities. So while Goldman Sachs - which has long been