| The Commodities Futures Trading Commission (CFTC) voted to approve controversial measures designed to rein in commodity speculation. The new rules, part of last year's financial-reform law in the US, will limit the positions that traders can take in commodity futures and swaps.
The rules apply to 28 commodities, including wheat, gold and oil. For commodities that are about to be delivered, the limit was set to 25% of deliverable supply; for contracts with a later delivery date the limit will be 10% of open interest..............................................Full Article: Source |