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Wholesale market liquidity: ‘Please come back bankers: all is forgiven’

Dominic Whittome regrets the loss of banks and other third parties from commodities and power trading

In November the Financial Times reported that Barclays was winding down its energy – largely oil and gas – trading business, which had revenues of about £100 million a year. It is part of a longer-term plan to exit commodities trading. But for the wholesale gas and power markets, energy merchants and investment banks have played a significant in providing market liquidity, especially out on the forward curve.

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