Logista Advisors LLC (“Logista”), a Houston-based energy trading firm, announced today that the Commodity Futures Trading Commission (“CFTC”) has dismissed its September 2023 civil complaint filed in the U.S. District Court for the Northern District of Illinois with prejudice. This outcome delivers a full and definitive vindication for Logista, conclusively ending the multi-year matter related to futures spread trading in early 2020.

The dismissal with prejudice — the best possible outcome for Logista — permanently resolves the case and prevents the refiling of claims against Logista concerning that trading. This result marks a complete and decisive victory for Logista.

“From the beginning, we believed our trading practices were consistent with applicable rules, and we are satisfied that this process has now been fully concluded,” said Andrew Serotta, CEO and Founder of Logista. “We applaud, and are grateful to, the CFTC for recognizing this and taking the proper step of withdrawing the lawsuit.”

“This outcome is the result of a sustained effort to ensure the full context of our trading activity was understood by the CFTC,” said Sachin Goel, Managing Director, who led Logista’s external engagement and strategic advocacy regarding the matter. “We are grateful to the legislative and regulatory offices that took the time to review the facts and listen to our concerns. We look forward to continuing to work with these stakeholders to further educate them on generally accepted market practices.”

As in the past, Logista remains committed to transparency, robust governance, and the highest professional standards.

About Logista

Founded in 2013, Logista specializes in calendar spread options (CSOs) and related commodity derivatives trading. The firm delivers superior risk adjusted returns by leveraging deep market expertise, proprietary technology, and long-standing industry relationships, and is recognized as a premier liquidity provider in these niche markets.

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