News, Opinions on CFTC Actions on Position Limits

By Kristina Zurla Landgraf • Aug 24th, 2009 • Category: Commodity News Digest

Last week, the Commodity Futures Trading Commission (CFTC) announced plans to ramp up enforcement of position limits, focusing on agricultural and energy markets in particular. Commodity-based ETFs have been a target and several have announced the suspension of sales. Here is a roundup of articles and opinions on the subject over the past few days.

CFTC Statements

CFTC and FSA to Enhance Regulatory Cooperation and Cross-Border Surveillance of Oil Markets

CFTC Announces Amendments to ICE Futures Europe’s Foreign Access Relief

CFTC/SEC to Hold Joint Meetings on Regulation Harmonization

CFTC Withdraws Two No-Action Letters Granting Relief from Federal Speculative Position Limits on Soybeans, Corn and Wheat Contracts

Exchange Statements

ICE Statement on Enhanced Agreement Between CFTC, FSA

News Articles

CFTC Speculation Rules Hit $10 Billion ETFs, ETNs - Bloomberg

U.S., U.K. Regulators Boost Supervision of Markets - Bloomberg

Small Investors Face Big Hit in ETF Push - WSJ

CFTC Limits Certain Traders - WSJ

Regulatory Rumblings Hit Commodity ETFs, ETNs - MarketWatch

U.S. CFTC Tightens Oversight of ICE - Reuters

CFTC and FSA Eye “London Loophole” - FT

Some Fear Brouhaha Over ETFs Could Spill Over - Investment News

U.S. Grain Markets Recoil as CFTC Cracks Whip - Forbes/Reuters

CFTC Closes Loophole to Regulate Commodity Position Limits - AgWeb

Opinion Pieces

Can the CFTC Tame the Oil Markets? - New York Times

CFTC ETF Restrictions: Not Tall Enough to Regulate - Seeking Alpha

That Commodity ETF Effect, in Grains - FT/Alphaville

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