CME & Ice: Position limits shouldn't be anti-competitive


The heads of the two biggest US energy derivatives exchanges claim they accept the idea of new market position limits, but say any new regime must be implemented in a way that preserves competition.

The remarks came from Craig Donohue and Jeff Sprecher, the chief executives of Chicago-based CME Group and Atlanta-based IntercontinentalExchange, speaking at the Futures Industry Association's annual expo in Chicago on October 21.

The Commodity Futures Trading Commission (CFTC) is currently

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