| A meeting on commodities regulation held in Washington this week at times felt like an argument among lexicographers. The words “hedger” and “speculator” have long had agreed definitions in commodities markets, so much so that the Commodity Futures Trading Commission publishes them in its online glossary.
But as the agency, prodded by the US Congress, attempts to impose a new rule constraining speculators, the yin-yang nature of these two types of traders is blurring into grey...............................................Full Article: Source
|