Commodity traders cheer CFTC record-keeping fix

Regulator softens Dodd-Frank rule that energy and grain traders saw as burdensome

Grain traders complained that CFTC rule 1.35 was onerous

End-users of commodity derivatives have applauded a December 18 move by the US Commodity Futures Trading Commission (CFTC) to ease a three-year-old rule that had forced them to retain copious records of pre-trade communications leading to futures, swaps and cash-market transactions.

“We’re very pleased with it,” says Lance Kotschwar, senior compliance attorney at Gavilon, a Nebraska-based agricultural commodities trader. “It’s a great change and we’re very happy that chairman [Timothy] Massad

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: