Credit Suisse launched the Credit Suisse AxelaTrader 3x Long Brent Crude Oil ETN (UBRT) and the Credit Suisse AxelaTrader 3x Inverse Brent Crude Oil ETN (DBRT)

Brent crude oil is used as a benchmark to price roughly two-thirds of the crude oil supply traded in the world, but investors seeking exposure to Brent crude oil through an exchange-traded security have very limited options," said Paul Somma, head of Exchange Traded Notes at Credit Suisse. "These ETNs provide a way for sophisticated investors to implement innovative short-term trading and hedging strategies based on the ETNs' leveraged exposure to Brent crude oil futures contracts."