Energy traders seek flexibility in CFTC position limits

Hedging definition and complexity of position limits cause concern

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Panellists representing energy trading firms called for the US Commodity Futures Trading Commission (CFTC) to take a more flexible approach to implementing position limits under the US Dodd-Frank Act at Energy Risk Summit USA on May 21.

Among the worries expressed on the panel in Houston, which also included current and former representatives of the CFTC, were that the rules did not include a broad enough definition of bona fide hedging and that the structure of the limits was too complicated.

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