MF Global expands energy teams in Asia
Brokerage MF Global has appointed two new OTC energy broking teams to the company's offices in Singapore. The teams are made up of nine middle distillates brokers and seven fuel oil brokers.
"As a result of tighter credit in global commodities, OTC energy markets are gradually shifting towards clearing trades, effectively mitigating the counterparty risk from transactions," said Mikal Boe, head of commodities for MF Global in Asia.
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