Trading commodities and correlation

Dealers are devising commodity derivatives products to attract new investors desperate for an alternative to the poorly performing financial markets

When Deutsche Bank moved the head of its highly profitable foreign exchange options group over to its commodities group to build a new commodities correlation trading team from scratch, it sent a clear signal to its competitors. “Deutsche is making a big push. We want to be number one or at least top three across all commodities,” says Kerim Derhalli, London-based global head of commodities at the bank. Deutsche’s decision to move Kevin Rodgers in March from forex to run the new commodities