Bloomberg News

CME Group Fines Whiteside $225,000 for Natural Gas Trades

July 02, 2012

CME Group Inc. (CME:US) fined Whiteside Energy LP $225,000 after a trader at the Houston-based firm left an automated trade execution system unattended, contributing to disruptive price movements in the July 2011 natural gas contract.

Steven Vu, a trader with Whiteside, was fined $25,000. Both Whiteside and Vu agreed to the fines without admitting or denying CME’s findings, CME Group said.

To contact the reporter on this story: Asjylyn Loder in New York at aloder@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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Companies Mentioned

  • CME
    (CME Group Inc/IL)
    • $81.13 USD
    • -1.44
    • -1.77%
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