Hedge Fund Gets Seat on NYMEX

Hedge Fund Gets Seat on NYMEX

D.E. Shaw Plasma Portfolios LLC (the Company), an affiliate of D.E. Shaw group, was admitted as a member of the New York Mercantile Exchange (NYMEX) . The Company is the first membership for a hedge fund, a group previously barred from membership. Seats on the NYMEX typically sell for around $600,000. The Company sought member status to reduce trading costs.

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