NEW YORK Dec 9 Credit Suisse on Friday said it
would reduce the minimum redemption amount of two popular
exchange-traded notes, used to bet on the price of oil, from
25,000 to 500.
The move comes amid concerns that investors would not be
able to trade the notes for what they are worth after their
surprise delisting this week.
VelocityShares 3x Long Crude Oil ETN became the
largest product of its kind delisted from U.S. exchanges after
Thursday trading. VelocityShares 3x Inverse Crude Oil ETN
was also delisted.
(Reporting by Trevor Hunnicutt)