CFTC demands Platts data
The US Commodity Futures Trading Commission (CFTC) has filed an application in Columbia District Court, seeking to enforce a subpoena for energy-related documents it served on publishing group McGraw-Hill. Part of an ongoing investigation into energy price-fixing by traders, the watchdog has demanded access to data supplied to Platts, a subsidiary of the McGraw-Hill Group.
According to the memorandum filed with the district court, the CFTC’s analysis of one energy company’s natural gas trading records, together with the testimony of that company’s traders, are evidence that certain traders at the unnamed energy company may have manipulated or attempted to manipulate the price of natural gas in interstate commerce.
The court filings note that the energy company submitted trade information to Platts for use in calculating the index price of natural gas that it
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