Let exchanges set position limits – CFTC commissioners
Agency lacks the resources to monitor limits, say Berkovitz and Quintenz
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
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