Increased regulation in Amaranth wake

In the fallout from the well-publicised decline of hedge fund Amaranth, hedge funds and industry watchers were last week wondering whether $6bn in losses the fund took in the natural gas markets would provide more ammunition in Congress to further regulate OTC markets.

Intercontinental Exchange (ICE) has come under media fire for its supposed role in the Amaranth case. Sources said that New York Mercantile Exchange officials and other broker sources have pointed the finger at ICE's OTC business knowing about the fund's positions...