Washington, DC — Thursday, the Commodity Futures Trading Commission (CFTC) voted to approve a proposed rule on speculative position limits in futures and derivatives markets. Following the Commission’s meeting, House Agriculture Committee Ranking Member K. Michael Conaway (TX-11) released this statement:
“I appreciate the hard work that Chairman Tarbert, his fellow commissioners, and the Commission staff did to re-propose this rule. I am encouraged that it offers a robust process for hedgers to access the risk management tools they need and that it is grounded in limiting harm from real market disruptions.
“Our derivatives markets need certainty and a reasonable position limits rule can offer that. I am cautiously optimistic that this rule can accomplish that.”
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