Chilton to support comments on position limits

Commissioner supports publishing position limits proposals for public comment; continues to call for interim position "points" system to collect data

gavel-book

A position limits plan proposed by the Commodity Futures Trading Commission (CFTC) in December looks set to move ahead to the public comment stage, after suffering a period of uncertainty late in 2010.

Last year, chairman Gary Gensler delayed a vote on the proposal due to lack of support. However, in a statement on the CFTC website on January 4, commissioner Bart Chilton said he would support publishing the position limit proposal for public comment.

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