Sunday, January 31, 2010

FERC'S Decision re: Brian Hunter /Amaranth

A little late coming across this, but it made great weekend reading.
Lots of juicy detail re 'jacking' the close on Nymex . I really love part 100.
"Hunter was in the Maldives on March 29, 2006, when trading occurred for the April expiration. Amaranth traded a large prompt month futures position in the settlement period and had a much larger short prompt month swap position. This was the second time that Amaranth had ever traded such large volume in the natural gas futures final settlement period."
(click on title for the transcript)



No comments:

Post a Comment