CFTC facing struggle to revive commodity position limits

Limited appeal

bart-chilton
Bart Chilton

The Commodity Futures Trading Commission (CFTC) is not giving up on its position limits rule, struck down on September 28 – just a fortnight before it was due to take effect – when a US court decided the agency had overstepped the authority given to it by the Dodd-Frank Act. According to the CFTC’s chairman, Gary Gensler, the regulator is considering appealing against the judgement and could also write a new version of the rule – which is designed to prevent speculatio