Financial Regulatory Forum

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.

FACTBOX-Profiles of CFTC commissioners on position limits

By Reuters Staff
January 19, 2010

WASHINGTON, Jan 19 (Reuters) – The U.S. Commodity Futures Trading Commission last week released its long-awaited proposal to curb speculation in energy futures markets, but several of its top officials expressed reservations that could make it

U.S. regulator CFTC proposes enforcing limits on energy trades

By Reuters Staff
January 14, 2010

By Ayesha Rascoe and Tom Doggett

WASHINGTON, Jan 14 (Reuters) – The top U.S. futures market regulator on Thursday moved to limit the role of big traders in once high-flying energy markets, unveiling proposals to put a hard cap on the size of positions that dealers can hold but offering a limited exemption for big financial hedgers.

PREVIEW-U.S. cotton trade frets over volatile trading

By Reuters Staff
January 4, 2010

By Rene Pastor

NEW ORLEANS, Jan 4 (Reuters) – The U.S. cotton industry remains worried about volatile trading in the futures market and is hopeful that demand is gradually recovering from the world’s worst economic downturn in 70 years, a senior official said Monday.

CFTC misses deadline on position limits decision

By Reuters Staff
December 21, 2009

WASHINGTON, Dec 21 (Reuters) – The U.S. futures market regulator on Monday missed a self-imposed end-of-fall deadline to decide whether to issue a proposal to limit the number of contracts investors can hold in “physical” commodities, such as crude oil.

EXCLUSIVE-High-frequency firms organizing lobby group

By Reuters Staff
December 21, 2009

By Jonathan Spicer

NEW YORK, Dec 21 (Reuters) – About 25 high-frequency trading firms have discussed forming a lobbying group within the Futures Industry Association as they move to deal with growing scrutiny in Washington, the association told Reuters.

EXCLUSIVE-U.S. regulator sees December plan on position limits

By Reuters Staff
November 11, 2009

By Christopher Doering
WASHINGTON, Nov 10 (Reuters) – The Commodity Futures Trading Commission is moving toward issuing a proposal in early December to rein in excessive speculation in energy markets by setting hard limits on positions investor entities can hold in a contract.

CFTC’s Gensler wants U.S. swaps bills to have more clearing, exchange requirements

October 22, 2009

By Jonathan Spicer
CHICAGO, Oct 21 (Reuters) – The U.S. commodities regulator’s chief said he would work with lawmakers to toughen new derivatives rules recently approved by two congressional groups, signaling he wants more products run through exchanges and clearinghouses, and few companies exempted from clearing.
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Divide grows on setting U.S. energy position limits

By Reuters Staff
September 16, 2009

Traders work in the Crude & Natural Gas Options pit at the New York Mercantile Exchange June 10, 2009.   REUTERS/Shannon Stapleton By Christopher Doering
WASHINGTON, Sept 16 (Reuters) – The top U.S. futures regulator and two main commodity exchanges were conflicted on Wednesday over who should set tougher position limits if the the Commodity Futures Trading Commission proceeds to take action to curb market manipulation.

INTERVIEW – CME proposes energy position limits

By Reuters Staff
September 16, 2009

Craig Donohue, the chief executive of CME Group, speaks during The Globalization of Capitol Markets: The Rise of New Financial Centers panel at the 2008 Milken Institute Global Conference in Beverly Hills, California April 28, 2008. REUTERS/Phil McCarten (UNITED STATES) NEW YORK, Sept 16 (Reuters) – CME Group, the giant Chicago-based operator of derivatives exchanges, would impose new position limits on NYMEX energy contracts in response to a push by U.S. regulators for renewed scrutiny in energy trading, CEO Craig Donohue said in an interview Wednesday.
CME would apply the limits, laid out in a CME White Paper released Wednesday, as long as regulators agree to enforce limits in venues where commodities are traded around the world, and extend them to include over-the-counter commodities swap contracts as well, Donohue said.