Friday, 22 August 2014
Last updated 8 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note