CFTC position limit plan will be published on Tuesday

By Reuters Staff
January 25, 2010

WASHINGTON, Jan 25 (Reuters) – The U.S. Commodity Futures Trading Commission’s proposal to impose position limits on four energy futures and options contracts will published in the Federal Register on Tuesday and be open for public comment for 90 days.

The proposal, which would limit the number of contracts speculative investors could control at any one time, applies to crude oil, gasoline, heating oil and natural gas futures and options traded on the New York Mercantile Exchange and the IntercontinentalExchange.

The CFTC will review the comment letters and may modify the proposal before it votes on whether to adopt any final regulations.

The 114-page document that will be published in the Federal Register includes the statements from the CFTC’s chairman and four other commissioners on the proposal.

(Reporting by Tom Doggett; Editing by John Picinich) ((tom.doggett@thomsonreuters.com; + 1 202 898-8320; Reuters Messaging: tom.doggett.reuters.com@reuters.net))

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