CFTC facing struggle to revive commodity position limits

Limited appeal

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 speculation in 28 physically settled

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