Non-bank commodity traders seen as benefiting from Volcker rule

End-users will hedge more with firms such as BP, Shell and Vitol as banks face ban on prop trading, say market participants

BP may be poised to win hedging business from banks

The Volcker rule will shake up the commodities trading landscape by hastening the departure of banks and creating greater opportunities for non-bank firms, including oil majors and commodity trading houses, to provide risk management services for end-users, say market participants.

"The traditional role of the banks is now moving to different players," says Javier Loya, chairman and chief executive of OTC Global Holdings, a Houston- and New York-based energy derivatives brokerage.

Even before