CFTC proposes 'unassailable' position limits rule

CFTC's Bart Chilton is a staunch supporter of position limits

The US Commodity Futures Trading Commission (CFTC) has re-proposed a rule to impose speculative position limits on 28 physical commodities and their economically equivalent futures, options and swap contracts, 13 months after the agency's previous attempt was rejected by a federal judge.

At an open meeting on November 5, the commission voted 3–1 in favour of putting a new proposal out for public comment. Like the original position limits rule finalised in October 2011, the new rule would impose

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