Seven years of waiting for the Commodity Futures Trading Commission (CFTC) to clarify its position limits rule has left the market frustrated.
Position limits in the US are isolated to a handful of agricultural contracts, but proposals dating back to 2010 signalled an expansion into energy. Since then, several amendments to the proposals have added to the uncertainty.
“It’s been frustrating,” said Michael Berry, director of compliance at PetroChina, speaking on a panel at the Energy Risk USA c
The week on Risk.net, December 2–8, 2017Receive this by email