JPMorgan, Barclays Seen Topping OTC Commodity Derivatives Market

JPMorgan Chase & Co. and Barclays Plc were the top firms for providing over-the-counter commodity derivatives to companies hedging energy and metals exposure, while investors favored Goldman Sachs Group Inc., a Greenwich Associates survey found.

Barclays and JPMorgan, which tied for No. 1 position, had relationships with 39 percent of the global corporations surveyed about their OTC dealers to hedge energy exposure, ahead of Goldman Sachs and Morgan Stanley, the survey found. JPMorgan also led in metals. Among investors, 59 percent said they had a relationship with Goldman Sachs, 54 percent named JPMorgan and 47 percent used Barclays.