Uneconomic trading, market manipulation and baseball

mortgage-baseball

Regulators, including the US Federal Energy Regulatory Commission (Ferc), are aggressively pursuing instances of uneconomic trading – the practice of racking up losses in one market in order to benefit positions held in another. But prosecution of this behaviour is relatively new – and some commodity and energy traders are struggling to come to terms with the change of attitude.

Such traders ought to consider baseball. In 1989, Pete Rose was banned from Major League Baseball because he gambled

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