Court ruling may be death of CFTC’s position limits
Experts say appeal is unlikely – and CFTC must prove commodity market speculation before re-proposing limits
The Commodity Futures Trading Commission (CFTC) may struggle to revive its controversial position limits rule after it was rescinded by a US court last week. Former CFTC commissioners and lawyers say an appeal is unlikely given divisions within the agency over the rule, while re-proposing the regulation would now require the CFTC to demonstrate that limits are necessary – it was the regulator's failure to do this for the original rule that prompted the successful legal challenge.
"The CFTC will
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