CHICAGO--(BUSINESS WIRE)--DRW Holdings, LLC (“DRW”) today announced that it will hire a Houston-based energy trading group, establishing a DRW office in Houston that is expected to be operational by mid-November.
“This group has significant experience in financial and physical energy trading, which will complement our existing energy trading and further diversify the business,” said Don Wilson, Founder and CEO at DRW. “Leveraging their experience, we expect to move into targeted physical energy trading over time. We’re looking forward to working with the team and building a strong presence in Houston.”
“We are excited to become a part of DRW,” said Jeff Searle, newly named Head of Houston Trading at DRW. “In addition to refined products trading, led by Mike Dunlap, we plan to grow into trading natural gas liquids, biofuels and crude oil by leveraging the talent, technology and efficiencies inherent in the DRW platform.”
The DRW Houston office will open with 10 traders, researchers and operations professionals from the group, with additional energy traders hired in the near term. The group was formerly part of Martin Energy Trading, a subsidiary of Texas-based energy company Martin Resource Management Corporation.
DRW is a diversified principal trading firm, trading its own capital at its own risk across a range of asset classes, instruments and strategies in markets around the world. As the markets have evolved over the past 25 years, so has DRW, growing to include real estate, venture capital and cryptocurrencies. Founded in 1992 by Don Wilson, DRW has more than 800 employees at headquarters in Chicago and offices in Austin, London, Montreal, New York and Singapore. For more information, visit www.drw.com.