Financial Times FT.com

Tangled trading web in energy futures

By Jeremy Grant and Javier Blas

Published: July 25 2008 03:00 | Last updated: July 25 2008 03:00

"I don't expect any problems regarding market manipulation, I think we are still just providing liquidity, but you never know."

These words, written by Optiver trader Christopher Dowson, could come to haunt the young British oil futures trader. Written in an e-mail to a colleague, they were part of an exchange of communications at the centre of a lawsuit filed yesterday by US federal regulators into alleged manipulation of the US energy futures markets.

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