CFTC slammed for using ‘ancient’ position limits data
Dodd-Frank proposal relies on decades-old data, say energy firms
The US Commodity Futures Trading Commission (CFTC) is facing criticism from energy companies and other end-users of commodity derivatives for relying on what critics call "ancient" market data in its proposed rule on speculative position limits.
The rule, one of the most controversial pieces of regulation to emerge from the US Dodd-Frank Act, was proposed in November 2013 after a previous version was rejected in a federal court. The rule would impose both spot-month and non-spot-month position
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