Ice’s new fair trading plans

Atlanta-based commodity market-place IntercontinentalExchange (Ice) is implementing several fair-trading initiatives designed to counter round-trip trading practices.

Several big energy firms have admitted to conducting round-trip trades – also known as ‘wash trades’ – over the past few months, and in August Ice was dragged into the controversy when energy major Duke Energy said it had made 28 such trades on the Ice system. Such trades are conducted at the same price between the same

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