Energy firms hammer CFTC over position limits rule
The bona fide hedge exemptions in the CFTC's proposed position limits rule have come under attack from energy companies
Energy companies have urged the US Commodity Futures Trading Commission (CFTC) to overhaul its proposed rule on speculative position limits to ensure it does not prevent them from engaging in commercially justified hedging transactions.
At a February 26 meeting of the CFTC's Energy and Environmental Markets Advisory Committee (Eemac), industry groups complained bitterly about the proposed rule, which the commission is seeking to finalise this year. The rule would impose both spot-month and non
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