refers to the practice whereby two companies buy and sell the same amount of power at the same price and at the same time, resulting in a financial "wash" for both companies.
The pressure to boost revenue in what was to be a highly profitable venture led to cheating in its natural gas trading volumes called round-trip trading
They weren't alone.
Nymex had charged the company with ten separate counts, including engaging in round-trip trading
, and in conduct that was detrimental to the exchange.
attorney request documents and information about Duke's trading activities, including so-called round-trip trading
The optimization project reduced PIPE Velocity round-trip trading
latency between Chicago and New York by 2 milliseconds and was prompted by increased demand from clients to trade Chicago markets from the New York Metro area.
CMS Energy's vice chairman and general counsel, said the settlement, which remains subject to court approval, represents another milestone in the Company's ongoing efforts to resolve the legal issues stemming from a subsidiary's round-trip trading
costs are considered before an investment decision is made.
In a news release issued today, the SEC said it has filed an action against three individuals relating to round-trip trading
by CMS MST.
Recently, CMS reached a settlement agreement with the Commodity Trading Futures Commission (CFTC) for $16 million related to allegations of round-trip trading
activities in its energy and marketing segment during 2000 and 2001.
TransAlta contends that no round-trip trading
occurred between Reliant Energy Inc.
CMS Energy announced today the completion of the work of a Board of Directors special committee established to investigate round-trip trading
at CMS Marketing, Services and Trading.
In particular, there is widespread doubt about the accuracy or relevance of mark-to-market (MTM) accounting, while revelations of round-trip trading
have further undermined investor confidence.