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Freepoint Commodities has hired a pair of light distillates crude oil traders in Houston from Gulfstream Trading, Ltd.
The new hires, Harris Masterson and Mike Smith, will focus on trading naptha and liquid petroleum gas (LPG), an industry source told SparkSpread.
The hires are part of an expansion of Freepoint’s crude oil business into so-called “light-ends” trading.
Freepoint earlier this year hired Farzad Askari, lead gasoline trader at Glencore, as part of an effort to expand the firm’s refined products trading desk in Houston.