Commodity hedgers alarmed by CFTC margin proposals
The US Commodity Futures Trading Commission (CFTC) has come under increasing criticism in recent weeks for proposals to tighten rules on how futures commission merchants (FCMs) handle their customers' margin. Commodity market participants have blasted the commission's proposals in hearings of the US Senate and House of Representatives, saying the proposals would drastically raise the cost of using futures to hedge their risk.
"It's mystifying to us that this commission has come up with a
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