CFTC Reproposes Position Limits Rules to Curb Commodities Speculation
Posted: Sun Dec 04, 2016 9:19 pm
The U.S. Commodity Futures Trading Commission (CFTC) today has taken a significant step toward finalising its long-pending regulations on speculative futures and swaps positions, which aims at curbing speculation in certain commodity contracts.
CFTC has re-proposed a position limits rule, which was included in the 2010 Dodd-Frank law, on speculative positions in 25 core physical commodity futures contracts as well as swaps that are economically equivalent to such contracts. In an effort to be responsive to severe criticism of the limits proposal, it also deferred action on three cash-settled commodities.
More specifically, the agency re-proposed a rule that allows traders to engage ... (read more)