Key facts
- The head of North American gas and power trading at DRW has departed.
- The departure follows trading losses during a period of record volatility.
- The volatility was linked to a historic winter storm.
The head of North American gas and power trading at DRW has departed the firm. This departure comes months after the firm incurred trading losses during a period of record volatility. The extreme market swings were largely attributed to a historic winter storm that impacted energy markets.