  We consider the Calogero-Sutherland derivative nonlinear Schr\"odinger
equation in the focusing (with sign $+$) and defocusing case (with sign $-$)
  $$
  i\partial_tu+\partial_x^2u\,\pm\,\frac2i\,\partial_x\Pi(|u|^2)u=0\,,\qquad
(t,x)\in\mathbb{R}\times\mathbb{T},
  $$ where $\Pi$ is the Szeg\H{o} projector $\Pi\left(\sum_{n\in
\mathbb{Z}}\widehat{u}(n)\mathrm{e}^{inx}\right)=\sum_{n\geq 0
}\widehat{u}(n)\mathrm{e}^{inx}$. Thanks to a Lax pair formulation, we derive
the explicit solution to this equation. Furthermore, we prove the global
well-posedness for this $L^2$-critical equation in all the Hardy Sobolev spaces
$H^s_+(\mathbb{T}),$ $s\geq0\,,$ with small $L^2$-initial data in the focusing
case, and for arbitrarily $L^2$-data in the defocusing case. In addition, we
establish the relative compactness of the trajectories in all
$H^s_+(\mathbb{T}),$ $s\geq0\,.$
