Credit Suisse to launch energy trading platform

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Credit Suisse investment bank and Switzerland-based Glencore International, one of the world's largest non-integrated oil suppliers, have formed a strategic partnership to build a new derivatives and structured products trading business in the oil and petroleum products market. The partnership aims to provide risk management and investment products to Credit Suisse and Glencore customers globally.

Credit Suisse created the Energy Trading and Marketing Group in October 2004, focusing on the po