Summary
WASHINGTON (Reuters) - U.S. futures regulators are yielding to banks and other major traders of commodities on several key provisions in a plan to crack down on speculation, but are holding their ground on the need to forge ahead with position limits.
A draft of the Commodity Futures Trading Commission's final rule, reviewed by Reuters late on Wednesday [Sept. 21], is likely to be seen by traders as somewhat less draconian than an initial proposal floated by the CFTC earlier this year.See the full content of this document
Extract
Cftc Backs Down On Commodities Rules
The CFTC's final rule maintains that the Dodd-Frank Wall Street overhaul law requires position limits - caps on the total number of commodity-linked contracts that any one trader can hold - to prevent excessive spec...
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