LONDON, June 20 ICE Futures Europe Exchange
(ICE.N) said on Monday it had imposed a 25,000 pounds ($40,340)
penalty on Goldman Sachs (GS.N) for what it called "disorderly
trading" in oil contracts.
The exchange said in a circular on its web site that its
monitoring on Jan. 28 had detected six "price spikes" in the
April 2011 Brent/WTI spread.
"These were investigated and found to be the result of a
limit order and several large market orders placed in quick
succession by a GSF (Goldman Sachs International) trader," it
said in a statement.
Goldman Sachs was not immediately available for comment.
(Reporting by Dmitry Zhdannikov)