Koch smooths volatile waters
Koch has marketed the first energy volatility swap in a deal with hedge fund Centaurus, a move the oil trader hopes will increase its share in options marketsand attract more hedge funds to the energy business. JamesOckenden reports
Wichita can also boast some history with regard to the energy business. On theoutskirts of the city, surrounded by cornfields, lies the headquarters of KochIndustries, which traded the first ever oil swap – through Chase Manhattanbank
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