The InterContinentalExchange (ICE) has levied a fine of £25,000 on Goldman Sachs for disorderly trading, The Wall Street Journal reports. The exchange’s monitoring system detected six price spikes on the April 2011 Brent-WTI crude spread on Jan 28, 2011.

Investigations revealed limit order and several large market orders placed in quick succession by a Goldman trader as the cause of the spikes. Evidence of intentional manipulation of the market was not found in the probe, adds Bloomberg.

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