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Commodity groups launch next attack on U.S. position limits rule

Posted on 11 February 2014

A group of commodity firms came out against a new U.S. rule to curb market speculation in a letter on Monday, after banks successfully shot down an earlier version of the position limits rule in court.
The new rule by the Commodity Futures Trading Commission attracted well over 100 comment letters by industry participants after the agency - which regulates swaps and futures - launched it in November. “The Commission would inevitably hurt the efficient operations of U.S. derivatives markets,” if no changes were made, the Commodity Markets Council said, adding that the rule also exceeded the Congressional mandate………………………………………..Full Article: Source


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