Trading job cuts continue

Job cuts continued apace throughout the US energy trading sector in August, as companies reacted to credit and liquidity issues by slashing the size of their trading operations. Cuts were announced by energy firms Williams and Reliant Resources, and Aquila became the first major energy marketer to pull out of risk management altogether.

Aquila says it will exit the wholesale energy marketing and trading business by the end of September after calling off attempts to find a partner for its trading

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