CFTC Testimony on Speculation, Position Limits Begins
By Kristina Zurla Landgraf • Jul 28th, 2009 • Category: Market Updates, Trader ViewpointsThree days of CFTC hearings are underway on the topic of speculation in the futures markets, and the impact on market pricing.
“This hearing is an opportunity to determine how speculative position limits could be used to address excessive speculation, not how we can eliminate speculation,” said CFTC Chairman Gary Gensler, adding that the CFTC “must [...]
