Amaranth trades “altered natural gas prices.”
The Levin-Coleman report is the result of a nine month investigation into the collapse of the hedge fund after it lost $6.6 billion in natural gas trades in 2006. It calls for more powers to be granted to the Commodity Futures Trading Commission (CFTC) to police markets.
The investigation examined millions of trading records from the New York Mercantile Exchange (Nymex) and the IntercontinentalExchange (ICE) in an attempt to track gas price movements.
The report found that Amaranth dominated gas
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