The controversy over position limits
The Commodity Futures Trading Commission voted through proposed rules for commodity derivatives position limits last month, but the restrictions have provoked strong objections from market participants. By Peter Madigan
It seems a long time ago now that the Dodd-Frank Wall Street Reform and Consumer Protection Act was agreed by the US Congress. Just three months after the legislation was signed into law in July 2010, the Commodity Futures Trading Commission (CFTC) began its first open hearing to consider proposed, in-depth rules. On February 24, the regulator will hold its thirteenth public meeting, having already covered key topics such as requirements for swap execution facilities, the end-user exemption for
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