Regulating speculation


Gary Gensler was nominated to the post of chairman of the US Commodity Futures Trading Commission (CFTC) by then president-elect Barack Obama on December 18 last year. Since his confirmation on May 20, the agency has seen a whirlwind of activity, reflecting a more proactive stance towards market regulation in the wake of the financial crisis.

Most recently, the CFTC held three hearings to discuss the application of position limits in energy markets, featuring a range of industry participants and

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