10
December
CFTC to Consider Commodity Speculation Caps Next Week
10 December 2010 Business Week
The top U.S. commodity regulator will consider limits on speculation in physical commodity markets including energy and metals at a meeting on Dec. 16, Commodity Futures Trading Commission Chairman Gary Gensler said today.
Curbing commodity speculation is one of the most contentious provisions of the Dodd-Frank financial overhaul. The CFTC has received hundreds of comments on so-called position limits and discussed the issue in at least 75 of the more than 400 meetings commissioners have held with banks, oil companies, hedge funds and others.
