Role change for Kinol as Credit Suisse plans new trading venture

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Jon Kinol is stepping down as co-head of the macro products group at Credit Suisse to lead a new electronic market-making venture for the bank - thought to involve a switch to an agency style of trading, and to rest on technology provided by a high-frequency trading firm. Kinol's former co-head, David Tait, will be the sole head of the macro products group, the bank told staff in a memo on Wednesday.

Credit Suisse combined its foreign exchange, rates and commodities businesses in November, to

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