OTC reform could strengthen support for energy position limits
The debate over derivatives regulation could provide momentum for the Commodity Futures Trading Commission (CFTC) to impose position limits on energy trading proposed in January.
The Commodity Futures Trading Commission (CFTC) proposed to limit trading in certain energy contracts on January 14, after an investigation that included three public hearings in July and August 2009.
While the limits have been criticised and supported in equal measure during the comment period that ended Monday, April 26, some argue they should form part of a wider expansion of the CFTC’s powers. Sean Cota, president of fuel marketing company Cota & Cota and a member of the CFTC’s Energy and
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