The Final Frontier - Online Remote Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TFF who started this subject	1/12/2004 2:26:52 PM
From: TFF	Read Replies (1) of 12617

Natural gas traders said to be probed Report: CFTC subpoenas phone records of NYMEX 'ring' in market manipulation investigation. January 11, 2004: 8:50 PM EST NEW YORK (CNN/Money) - Telephone records of New York Mercantile Exchange natural gas floor traders have been subpoenaed by the U.S. Commodity Futures Trading Commission in a probe of possible market manipulation, according to a Dow Jones Newswires report Sunday. The report, appearing on the WSJ.com Web site, cited traders as saying Syntegra -- the company that tapes NYMEX traders' conversations -- has advised firms that the CFTC is seeking phone records back as far as Dec. 15, when natural gas futures neared 10-month highs. The subpoenas cover all the firms in the NYMEX gas "ring," and not individual firms, traders told the news service. The report said the exchange wouldn't comment on whether the records were subpoenaed, but did suggest increased monitoring of the natural gas market. YOUR E-MAIL ALERTS Follow the news that matters to you. Create your own alert to be notified on topics you're interested in. Or, visit Popular Alerts for suggestions. Manage alerts \| What is this? "NYMEX is scrutinizing the market with a fine-toothed comb and monitoring because of the extreme volatility," NYMEX spokeswoman Nachamah Jacobovits was quoted by Dow Jones Newswires as saying. Natural gas futures prices have risen by nearly 50 percent since Thanksgiving. They closed Friday at $7.287 per British thermal unit, up more than 19 cents, due in large part to a cold snap that has gripped the northeastern United States.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next