Commodity speculators may fair better than they’d feared under forthcoming rules from the Commodities Futures Trading Commission, according to a report this afternoon by Sarah Lynch of Dow Jones Newswires.
The rules about position limits have been anticipated for months, and threaten to cut down on speculative trading in energy futures, including exchange-traded funds (ETFs) that track commodities. But the new rules may be modeled on existing rules for agricultural commodities futures trading, writes Lynch, citing “people familiar.”
If so, the position limits, set according to a percentage of open interest in an energy futures contract, could be high enough to leave speculators relatively free to continue placing bets, writes Lynch.
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