Summary
In a flurry of announcements, congressional testimony and speeches in early summer, the CFTC let it be known that they are not your father's futures regulator. On July 7, CFTC Chairman Gary Gensler announced that the CFTC would hold hearings to study imposing position limits in the energy markets similar to those in agricultural markets. He also promised to continue the review of what qualifies as bona fide hedging transactions or positions. CME Group CEO Craig Donohue says his understanding of Gensler's remark is that (counterparties) have the ability to establish and extinguish positions through a multiplicity of platforms or execution environments if those platforms and participants clear through the same clearing platform.
See the full content of this document
Extract
New Sheriff in Town
In a flurry of announcements, congres- sional testimony and speeches in early summer, the CFTC let it be known that they are not your father's futures regula- tor. Despite a re...
See the full content of this document
Sponsored links
