Tuesday, July 28, 2009

Exchanges Rein In Nat Gas Trading

Commodity exchanges are moving ahead of regulators to curb the potential for market manipulation, and they're seeing money drop out of the market before their eyes.

The Commodity Futures Trading Commission held a hearing today on speculation in energy prices. But ahead of any new rules, the New York Mercantile Exchange told traders in June it would cap position limits in the last three days of...

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