Compliance chiefs call on CFTC to end position limits uncertainty
Energy Risk USA: market participants say delay in rulemaking is ‘very frustrating’
Seven years of waiting for the Commodity Futures Trading Commission (CFTC) to clarify its position limits rule has left the market frustrated.
Position limits in the US are isolated to a handful of agricultural contracts, but proposals dating back to 2010 signalled an expansion into energy. Since then, several amendments to the proposals have added to the uncertainty.
“It’s been frustrating,” said Michael Berry, director of compliance at PetroChina, speaking on a panel at the Energy Risk USA
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