Building support: CFTC’s reforms in the cold?
Despite being lighter than expected, the CFTC’s proposed reforms for energy trading have found little support from other commissioners or overseas regulators, finds Pauline McCallion
Many in the industry breathed a sigh of relief after the Commodity Futures Trading Commission (CFTC) posted its notice of rule making on position limits on January 14. The limits suggested are relatively high and likely to affect only a handful of large participants. According to the CFTC, 10 traders would come under the new regulations, if they are implemented after a 90-day comment period.
Kurt Nelson, a partner at hedge fund SummerHaven Investment Management, which recently created a
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