Energy traders await position limits with apprehension
Pauline McCallion reports on continued concerns about the CFTC’s final rule on position limits for energy traders, which is expected to come into effect in 2012
More than a month after passage of a final rule on position limits for physical commodities contracts was passed by the US Commodity Futures Trading Commission (CFTC) on October 18, 2011, energy market participants are still counting the potential costs of the new rule.
One of the more contentious elements of the Dodd-Frank Act, the new rule will curb the amount of positions, not classed as bona fide hedging positions, held by any trader in 28 physical commodity contracts and "economically
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