Miami-based commodity trading firm Kempstar has opened an office in Stamford, Connecticut, and is adding a quantitative analytics team to enhance its trading across a number of commodities in the oil, agriculture and metals sectors, the company said Monday.
“Opening an office in the Northeast enables us to tap into the resources and the people in Connecticut and New York,” Ilan Kempler, company president and co-founder, said in a statement. “We believe that quantitative research and data analytics are the future of commodity trading.”
The company expansion into the U.S. Northeast comes after it opened a Houston office in March and said it was broadening its portfolio beyond renewable fuel products to include trading of crude, gasoline, diesel, natural gas liquids and carbon credits.
–Reporting by Jeff Barber, jbarber@opisnet.com; Editing by Barbara Chuck, bchuck@opisnet.com