Waded

Houston Jurors Hear of Big Money, High Pressure on the Trading Floor

Jurors in the Houston trial of two natural gas traders accused of trying to manipulate prices in 2000 waded through often complicated explanations of trading, hedging, spot and futures markets. They also were treated last week to review of numerous trader phone calls and e-mails that offered some saucy language along with insight into the high-stakes world of gas markets, where a few pennies this way or that can make or lose a small fortune.

July 17, 2006