US CFTC’s Chilton urges hard limits on speculation

摘要

US Commodity Futures Trading Commission nChairman Bart Chilton said Tuesday that nwhile speculators are needed in commodity nmarkets, the record level of speculative posi-ntions in these markets is skewing prices and nshows the need for the CFTC to implement nstringent position limits immediately. In his nprepared remarks before a Structured Trade nand Finance in the Americas conference in nBoca Raton, Florida, Chilton said there is “no nmarket” without speculators, but said the nsheer size of their positions “has the potential nof moving markets, of influencing true price ndiscovery.” Chilton pointed to CFTC data that