CFTC Commissioner Dan M. Berkovitz called on the CFTC to establish appropriate limits on "trading-at-settlement" transactions in the oil markets.
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A CFTC final rule that applies federal speculative position limits to 25 "core referenced futures contracts," including futures and options linked to those contracts and economically equivalent swaps, was published in the Federal Register.
The CFTC Division of Market Oversight released a "workbook" for market participants to clarify which exchange-traded futures contracts would be subject to the new position limits rule.
In a 3-2 vote, the CFTC adopted a final rule that applies federal speculative position limits to 25 "core referenced futures contracts," including futures and options linked to those contracts and economically equivalent swaps.
In an open meeting, the CFTC approved three final rules: (i) one concerning position limits for derivatives, (ii) one extending the Phase VI compliance date of the margin requirements for uncleared swaps for swap dealers and major swap participants, and (iii) one exempting certain foreign intermediaries from the requirement to register as CPOs.