CRA Insights

Market manipulation: recent events and economic analysis

September 1, 2012

Senior Consultant to CRA John E. Parsons and Senior Associate Billy Muttiah discuss how the regulatory environment for commodity derivative markets is changing, with increased efforts to monitor and deter commodity price manipulation. The economics of manipulation is highlighted by examining the ongoing civil case CFTC vs. Arcadia Petroleum and Parnon Energy et al. The article also differentiates the impact of manipulation and speculation on commodity prices.

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