CFTC 'way off' in estimates of position limit costs
Regulator estimated first-round costs at $100,000 - but some dealers claim to have spent $750,000
Regulators drastically understated the cost of federal position limit rules in US commodity markets, with some large dealers spending more than seven times the sum estimated by the Commodity Futures Trading Commission (CFTC).
The agency’s controversial position limits rule was struck down by the US District Court for the District of Columbia Circuit on September 28, but the decision came as cold comfort to commodity dealers that spent hundreds of thousands of dollars and hundreds of hours in the
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