Natural gas trader sues hedge fund Amaranth

(Reuters) - "When defendants' unlawful scheme of highly leveraged
trading collapsed in September 2006, the price of natural gas
and natural gas futures contracts traded on NYMEX experienced
an almost unprecedented drop," the complaint alleged.




"Defendants' manipulative trading caused traders of natural
gas futures contracts, including plaintiff, to suffer
substantial losses," it said.


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NYMEX explores sale of company: report

(Reuters) - Banks have not yet been hired to advise the company on the sale, the report said. A NYMEX response is not mentioned in the report, which cited two people involved in the discussions.




Buying NYMEX would allow a traditional cash equities exchange to add products such as energy derivatives to the trading mix it can offer its clients. It trades contracts including crude oil, heating oil and gasoline futures.


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