Liquidity, not regulation, is key to avoid manipulation, says CFTC
Regulators should avoid the temptation to implement over zealous regulation of the energy derivatives market, and instead encourage the development of liquidity, if market manipulation is to be avoided. That was the message delivered by Sharon Brown-Hruska, Commissioner of the US Commodity Futures Trading Commission (CFTC), at the Energy Risk conference in Houston today.
The CFTC has so far fined 20 major energy companies around $200 million in
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