The roundtable will focus on hedges of a physical commodity by a commercial enterprise, including gross hedging, cross-commodity hedging, anticipatory hedging, and the process for obtaining a non-enumerated exemption.
You would think that after six years Bart Chilton would have learned something about the Futures industry, instead he gives credence to slanted uninformed stories to appear to be a champion of the little man. Chilton is only champion of the little mind.
The top U.S. derivatives regulator will consider a reworked proposal to limit speculation blamed for price surges in energy, wheat and other commodities after Wall Street groups successfully challenged an earlier version.
It hardly makes sense for the CFTC to pursue an appeal from a federal district court decision invalidating an earlier rule on speculative position limits when it is on the cusp of enacting new rules on the subject that (hopefully) will pass muster in the courts.
Four high-ranking Republican members of the House Committee on Financial Services accused the Commodity Futures Trading Commission (CFTC) Wednesday of wasting time and money when implementing a law that would have set position limits on derivatives tied to 28 physical commodities.