CFTC, CME square off on position limit

Author: | Published: 12 Nov 2010

Attempts by the Commodities Futures Exchange Commission (CFTC) to impose mandatory position limits on metals and energy futures have been met with significant pushback from the industry.

CME Group – the largest operator of futures exchanges in the US – has questioned the necessity of limits, and in a way the authority of the CFTC.

In comments posted to the CFTC website, CME states that per Dodd-Frank the commissioners must prove with supporting evidence that position...