CFTC unveils energy position limits

gary-gensler-cftc-0909

The US Commodity Futures Trading Commission (CFTC) has outlined a proposed regime to curtail concentrated positions in energy futures and options markets.

The proposals, which have taken longer than expected to finalise, were introduced by the agency on January 14 in the form of a notice of proposed rule-making. Market participants will have 90 days to comment on the proposals before they are put to a vote by the full commission.

During the meeting in Washington, DC, chairman Gary Gensler said t

To continue reading...