Commodity Regulator Will Have to Resolve Conflicting Testimony on Merits of Speculative Position Limits and Exemptions; What Did Congress Intend?

摘要

The Commodity Futures Trading Commission (CFTC) concluded the first of a series of hearings - held July 28 and 29 and August 5 - on how it should apply its existing authority to ensure fair, open, and efficient functioning of futures markets. The focus was whether to establish speculative limits for all commodities "of finite supply," including energy in the form of crude oil, heating oil, natural gas, and gasoline. The agency invited public comments through August 12 on the issues raised.