Credit Suisse hires Merrill team for US physical gas trading

摘要

Houston-Credit Suisse has hired a four-member team from Merrill Lynch to run a new and expanded physical natural gas trading desk in Houston. The big Swiss bank, which has been a niche commodities player, hired the team to "take advantage of the changing environment in the North American natural gas market, and to build an asset book covering the different demand and supply regions," a source close to the operations said December 18.