Mixed reception to oversight efforts
Attempts by the US Senate to grant the CFTC greater market oversight have met with a mixed response, writes David Watkins
As efforts in the US to apply more scrutiny to over-the-counter (OTC) energy markets gather momentum, debate is emerging as to how helpful the proposed measures will be in the long term.
Last month the US Commodities Futures Trading Commission (CFTC) issued a report to Congress recommending that its oversight ability be expanded across electronic trading facilities known as Exempt Commercial Markets (ECMs), such as the electronic platform IntercontinentalExchange (ICE).
This comes hot on the heels
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