CFTC Holds Public Roundtable on Position Limits for Physical Commodity Derivatives (with Delta Strategy Group Summary)

The CFTC held a public roundtable to discuss issues concerning 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 from position limits. Discussion also included the settling of spot month limits in physical-delivery and cash-settled contracts, a conditional spot-month limit exemption, and certain aggregations of positions.

Click here to view a summary of the meeting by Delta Strategy Group.

See: CFTC Press Release.