Limits on metal derivatives meet opposition

Bart Chilton

The US Commodity Futures Trading Commission (CFTC) held a public hearing to debate the possibility of position limits for metal futures and options on March 25.

During the hearing, market participants expressed views on whether or not they wished to see a federal position limit regime apply in metals contracts, and if so, what it should look like. Some individual traders and lobbying groups expressed their support for the idea, while financial firms including Chicago-based CME Group, HSBC and Ne