Saturday, 1 August 2015
Last updated 1 day 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…