Energy Risk USA: New CFTC position limits due in June, O'Malia says
CFTC will soon unveil revised rule on commodity position limits after a court rejected its previous effort, says O'Malia
The US Commodity Futures Trading Commission (CFTC) will unveil its new rule on speculative position limits in the next six weeks, after its previous effort was rejected in an embarrassing court ruling, says commissioner Scott O'Malia.
"We may get it in late May, but I suspect it's probably going to be in June," O'Malia told participants at the Energy Risk USA conference in Houston on May 14.
The new proposal is sure to reignite debate over the CFTC's efforts to curb speculation in commodity
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