NYMEX Fines Centaurus Over Trading Limits

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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