By Scott DiSavino NEW YORK, Nov 19 (Reuters) – Commodities trading adviser OptionSellers.com suffered losses due to recent volatility in U.S. energy markets, causing accounts to be liquidated, the firm’s clearinghouse, INTL FCStone Inc, said in a statement on Monday. The liquidation of Tampa, Florida-based OptionSellers accounts comes after one of the most volatile weeks in the U.S. natural gas market in years, as commodities funds scrambled to unwind bets after sudden reversals in the oil and gas futures markets. Natural gas posted its biggest one-day percentage gain in eight years on Wednesday, only to follow with its largest one-day loss in 15 years the next day. Natural gas volatility “caused liquidity stress” for commercial and institutional customers of certain futures merchants, INTL FCStone said in a statement. “Although well collateralized, accounts managed by a Commodities Trading Advisor, OptionSellers.com, had to be liquidated as a result of these moves,” the statement said. OptionSellers.com did not respond to calls and emails requesting comment. The extent of investor losses is unknown. Over the past three weeks, natural gas futures jumped about 34 percent. The contract rose 18 percent on Nov. 14 and lost 17 percent on Nov. 15, the biggest one-day percentage… continue reading
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