CFTC member wants hedge exemptions to reflect energy markets

摘要

As the Commodity Futures Trading Commission moves towardproposing a revised position limits rule this summer, CommissionerDan Berkovitz said he wants to ensure that exemptions for hedgingreflect the characteristics of energy commodity markets.At issue is a proposal that would set federal position limits in 25physical commodity futures and swaps markets, and which couldaffect the level of participation in oil, gas and electric derivativesmarkets. The agency is crafting another take on a proposal put outtoward the end of former Chairman Timothy Massad’s term.