CFTC withdraws ags exemptions
"I believe that position limits should be consistently applied and vigorously enforced," CFTC Chairman Gary Gensler said. "Position limits promote market integrity by guarding against concentrated positions."
On May 5, 2006, the agency's Division of Market Oversight (DMO) granted no-action relief to DB Commodity Services, a commodity pool operator (CPO) and commodity trading advisor (CTA), permitting the DB Commodity Index Tracking Master Fund to take positions in corn and wheat futures that
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