Duke exits North America prop trading

Charlotte, North Carolina-based Duke Energy is to cease proprietary trading at its North American merchant energy businesses. Duke Energy North America (DENA) and Duke Energy Merchants (DEM) had been engaged in proprietary trading around crude oil, natural gas and electricity in the US market.

The move was not entirely unexpected, given the fact that Duke also exited the European trading market last year.

One analyst told EPRM, on condition of anonymity, that the company had recently come

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