| From commodityonline.com: Like India, the US is caught in a situation where they are still mulling on some steps to rein in the Futures market with legislations. India is also facing the same problem with inflation soaring to new heights.
In a recent report a Parliament committee had recommended a ban on agri commodity Futures trade as this may cause price rise in the country. But, the committee failed to provide any proof of Futures trade causing the price rise. Still it recommended a ban on Futures in agri commodities.
The US is also facing the same situation. And concern is mounting among financial advisers, mutual funds and hedge funds about the legislation being considered in the US Congress that would restrict commodities trading......Full Article Source |