Credit Suisse and NECC forge partnership

Credit and clearing service provider North American Energy Credit and Clearing (NECC) has entered into a joint venture with investment bank Credit Suisse. The deal will enhance NECC's services while granting Credit Suisse's clients access to the power and gas physical trading markets.

The bank has taken an undisclosed equity position in NECC to become a minority shareholder, enabling it to "support rapid growth of our trading platform," according to a NECC spokesperson. The investment is bein

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