A trader's lawsuit against the Baltic exchange could lead to market chaos If Swiss commodity trader Mercuria Energy Group's lawsuit against the Baltic Exchange in London is successful, there will be "chaotic consequences for the entire market". The FT writes about this with reference to the stock exchange's lawyers. Mercuria went to court in the Baltic Exchange over the publication of its basic freight rate for ships passing through the Strait of Hormuz following the outbreak of war with Iran this year. The lawsuit will be heard on Monday, October 26, at the High Court of England. Mercuria may have to cancel hundreds of deals if it succeeds, sources close to the exchange warned. The company said in a statement that the exchange had to suspend the index used to determine the cost of shipping on its flagship tanker route through the Strait of Hormuz after the US and Israel launched attacks on Iran in February. More details in the link: /.