CFTC Report on Commodity Swap Dealers and Index Traders

摘要

On 11 September 2008, the US Commodity Futures Trading Commission (CFTC) released its findings on the possible impact of commodity swap dealers and index traders on commodity prices (Staff Report on Commodity Swap Dealers & Index Traders with Commission Recommendations, available at www.cftc.gov). The CFTC was able to examine data not normally publicly available through its weekly Commitment of Trader (CoT) reports after issuing a 'special call' for data. This comes against the background of intense discussion about the reasons for recent, volatile oil price movements and specifically an ongoing debate on whether these can be attributed to market fundamentals or so-called speculation.