CFTC mulls position limits rule, delays vote

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A Commodity Futures Trading Commission (CFTC) vote on a long-awaited proposal to set position limits for physical commodity trading was postponed until further notice yesterday after Chairman Gary Gensler said it needed to 'ripen'.

The proposal was introduced by CFTC staff yesterday for consideration at the eighth rule-making meeting held by the CFTC under the Dodd-Frank Wall Street Reform and Consumer Protection Act. But after extensive discussion of the rule, including questions from all five

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