Index clampdown

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Commodity indexes have attracted a lot of attention in recent years – not all of it good. Proponents of the products say they’ve made it easier for a much broader range of players to gain access to the commodity market, furthering its development as an asset class. Not only can commodity indexes be delivered in a variety of ways, including swaps and exchange-traded funds (ETFs), but they can also be tailored to suit specific investors. Dealers say major users of the products range from retail in

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