Position limits
EU position limits pose headaches for national regulators
Proposed Mifid II limits on thousands of commodity contracts worry some officials
Position limits are an idea whose time has passed – Giancarlo
Low commodity prices dent rationale for US and EU anti-speculation rules, CFTC commissioner says
Asset managers push CFTC for more relief on position limits
Hedge funds, pension funds and private equity firms welcome the CFTC’s new proposals on position aggregation but urge the regulator to go further
CFTC to finish position limits rule in 2016, Massad says
Controversial rule on commodity derivatives set to miss year-end target
CFTC’s Giancarlo backs phased approach to position limits
The CFTC should implement speculative position limits for the spot month first, before imposing non-spot-month limits, says commissioner Chris Giancarlo
Nasdaq energy futures face liquidity challenge
New energy futures exchange seeks to win market share from CME Group and Ice with cheaper lookalike contracts, but traders say it faces an uphill battle to attract liquidity
Massad says CFTC is willing to hear energy firms’ concerns
In an exclusive interview at Energy Risk Summit USA in May, CFTC chairman Timothy Massad chose to highlight the agency’s willingness to hear industry arguments on issues such as trade reporting, position limits and record-keeping
Data doesn't support CFTC on position limits, Giancarlo says
Proponents of the CFTC's proposed Dodd-Frank position limits rule are ignoring "the reality of the data", Republican commissioner Chris Giancarlo says at Energy Risk Summit USA
Flood of oil ETF investors reshaping market, analysts say
Investors stampeded into exchange-traded funds tied to crude oil futures in early 2015. Analysts say the huge inflows halted the plunge in oil prices, at least temporarily, and enabled significant producer hedging. But not everyone agrees
Massad sees exchange role in policing CFTC position limits
US exchanges could stay in charge of granting bona fide hedge exemptions to end-users as part of the new federal position limits regime, CFTC chairman suggests
Bank and investor exodus worsened oil rout, traders say
The role of financial trading in the recent collapse of crude oil has added a new twist to the old debate over the impact of speculation on commodity markets. Did retreating index investors, short-selling momentum traders and risk-averse banks exacerbate…
End-users press Congress for Dodd-Frank fixes
US commodity firms blast the CFTC over hedge exemptions to position limits, as Congress launches the process of writing legislation to reauthorise the agency
EU commodity position limits prove tricky to hammer out
EU regulators are working on plans to implement commodity derivatives position limits under Mifid II. But their latest proposals have been criticised by energy firms, which point to questions over issues such as hedging exemptions and where the limits…
EU commodity position limits too cumbersome, firms say
Firms argue that EU commodity derivatives position limit proposals under Mifid II are bad for end-users and the energy market
Energy firms hammer CFTC over position limits rule
The bona fide hedge exemptions in the CFTC's proposed position limits rule have come under attack from energy companies
Energy stirs political passions around the globe
The politics of energy are just as fascinating as the physical processes behind it, and are rarely subtle
Dodd-Frank reporting rule hurts hedgers, Massad admits
CFTC head acknowledges difficulty faced by hedgers in illiquid commodities from Dodd-Frank reporting rules
CFTC’s Bowen demands action on position limits
Time for CFTC to ‘bite the bullet’ on controversial rule, Democratic commissioner says
CFTC urged to co-operate with EU on position limits
US rules should take effect simultaneously with Mifid II, argues FIA
‘Over-broad’ CFTC rules hurt end-users, Giancarlo says
Chris Giancarlo, the sole Republican on the US Commodity Futures Trading Commission, says Dodd-Frank rules are failing energy firms, farmers and other hedgers. In an exclusive interview with Alexander Osipovich, he urges a rethink of the agency’s…
CFTC chairman vows to 'get it right' on position limits
Chairman seeks to reassure farmers worried about bona fide hedge exemptions in proposed position limits rule
CFTC slammed for using ‘ancient’ position limits data
Energy firms are criticising the CFTC's proposed rule on commodity derivatives position limits under Dodd-Frank, saying it relies on decades-old data to set spot-month limits
Energy firms voice optimism over CFTC's Massad
The new chairman of the US Commodity Futures Trading Commission is moving to fix regulatory problems afflicting energy firms and says he will listen closely to their input on the agency's remaining Dodd-Frank Act rules. The shift is being welcomed by the…
Energy firms ponder Mifid exemptions and position limits
A consultation by the European Securities and Markets Authority is being closely scrutinised for answers on how a revamped Markets in Financial Instruments Directive will affect commodity trading companies