CFTC urged to co-operate with EU on position limits

US rules should take effect simultaneously with Mifid II, argues FIA

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CFTC in Washington, DC

The US Commodity Futures Trading Commission (CFTC) should co-ordinate with European regulators on implementing new rules aimed at curbing excessive speculation in commodity derivatives, says the Washington, DC-based Futures Industry Association (FIA).

In a comment letter submitted on January 22, the FIA noted that many multinational companies participate in both US and European derivatives markets and would be subject to both the CFTC's position limits regime and the new European position limits

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