CO2 Trader Schneider to Leave RNK After 4 Years of 2am Deals


CO2 Trader Schneider to Leave RNK After 4 Years of 2 a.m. Deals
2011-01-18 16:24:47.256 GMT

By Mathew Carr
Jan. 18 (Bloomberg) -- Ken Schneider, a New York-based
options trader at RNK Capital LLC, will leave the environmental
hedge fund at the end of the month after four years of dealing
in carbon permits starting at 2 a.m.
Schneider plans to take at least two months off, then trade
commodities and energy for himself later this year, he said
today by phone. "I will no longer be a market maker," he said.
The 45-year-old trader in the European Union carbon market,
the world's biggest, said his departure from RNK is amicable. He
sometimes worked until 5 p.m. and wanted to sleep more and spend
more time with his family, he said.
Schneider said he may trade natural gas, oil, coal or food
contracts and may also consider the Californian greenhouse gas
program, assuming contracts are exchange cleared.

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--Editors: Rob Verdonck, John Buckley

To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or

To contact the editor responsible for this story:
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