Tuesday, 22 July 2014
Last updated 1 hour ago
Jan 11 2011 | 5:59am ET
The New York Mercantile Exchange says that Centaurus Energy is a serial offender of its natural gas trading limits.
The Houston-based firm’s Energy Master Fund has violated the exchange’s position limits on Henry Hub Natural Gas Look-Alike Last Day Financial Futures in November, for the expiring December contract. It was the $5 billion hedge fund’s third such violation in the last two years.
The most recent infraction was a small one: Centaurus had just 5.5 contracts more than it was allowed.
NYMEX fined the firm $15,000 and ordered it to turn over $4,015 in profits.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…