JPMorgan (JPM) said to shut proprietary commodities-trading unit - Bloomberg

August 31, 2010 2:58 PM EDT

JPMorgan (NYSE: JPM) said to shut proprietary commodities-trading unit - Bloomberg.

JP Morgan told traders that they will be closing down its commodities prop trading unit soon and eventually close all proprietary trading at the company to comply with the Volcker rule. The next prop-trading units to be cut will be fixed-income and equities.

---

Are you missing key trading opportunities? Upgrade to StreetInsider Premium and get a step ahead of the market - FREE TRIAL!

Create E-mail AlertRelated Categories

Insiders' Blog
Trader Talk

Stocks Mentioned

Related Entities

• JPMorgan

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?