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