Let exchanges set position limits – CFTC commissioners

Agency lacks the resources to monitor limits, say Berkovitz and Quintenz

The CFTC is expected to re-propose a position limits rule within six months

Two commissioners at the US Commodity Futures Trading Commission – from opposite sides of the aisle – have said they believe exchanges, and not the CFTC, should set position limits on commodity exposures.

Dan Berkovitz, a Democratic commissioner who was sworn in last month, said he thinks the trading venues are best suited to setting position limits given the CFTC’s limited budget.

“I like the proposal where the exchanges are going to be implementing some of these limits, because we just can’t

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here