CFTC, in third try, proposes rules to limit speculative commodity trades
The Commodity Futures Trading Commission on Monday voted unanimously to repropose rules that would put limits on speculative positions in twenty-five physical commodity futures contracts and their "economically equivalent" options and swaps positions. This is the third time the agency has proposed such limits. One previous iteration was overturned by a federal count. The new rules were mandated by the 2010 Dodd-Frank regulatory law. The agency also reproposed a definition of bona fide hedging positions, as well as exemptions to this definition in physical commodities. The proposal will be open for public comment for 60 days.
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