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US CFTC: TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation

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US CFTC: TOTSA TotalEnergies Trading to pay $48 million for attempted market manipulation

) Trading SA to pay a $48 million fine, alleging that the company had attempted to manipulate the market for European benchmark gasoline futures.

The maneuver amounted to losing money on physical sales to increase the value of the short position, according to the CFTC. EBOB is a benchmark of gasoline primarily used in Europe that the CFTC said trades on exchanges it regulates.

 

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