(Reuters) - The head of the U.S. futures regulator has the support he needs to pass a long-awaited rule that would curb excessive speculation in commodity markets, a source with knowledge of the agency's rule-making told Reuters on Tuesday.
The U.S. Commodity Futures Trading Commission announced on Tuesday that it would vote on October 18 on a rule limiting the number of contracts any one speculative trader could hold in commodity markets.
The source said the agency was still making changes to the position limits rule and there was a chance changes could upset the balance of support among the five commissioners before next Tuesday.
"I think he does have the votes," the source who closely follows the rule-making process told Reuters.
The CFTC has postponed two scheduled meetings on the position limits plan, with the most recent canceled due to a lack of the three votes needed for its approval.
Curbing excessive speculation is part of the CFTC's efforts to enact sweeping reforms in the Dodd-Frank financial reform overhaul of 2010 that required the agency to regulate the $600 trillion over-the-counter derivatives market.
Gary Gensler, the chairman of the CFTC, told reporters on the sidelines of a Futures Industry Association conference in Chicago that position limits were next on the agency's to-do list, but he declined to say whether he had the support needed to pass it.Read more:
Source: CFTC Has Votes to Pass Position Limits
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
What They Told Us About Health and Now it’s Completely Reversed?
Remember growing up that they told us all of these rules of thumb when it came to your…See More
G99Gt39XEAAyu6Y
"Judges with bad judgement should be working somewhere else. When political affiliation surpasses…"
"Less Prone, this Carlos guy has a unique artistic approach but it's not proof. There's…"
KILL THE MESSENGER - Hero Journalist Featurette - In Theaters Friday
In this featurette “Gary Webb: Hero Journalist,” Jeremy Renner (Webb), director Michael Cuesta, Sue Webb and others explore the real man, investigative journ...
"Yes. One of their functions is distraction, but they also bring chaos and crime and change…"
A Masterclass Is Being Played Out For Those Who Have The Eyes To See
A question can be asked, why do Jews want a multicultural community in a host society? It is to…See More
City of Joel - Official Trailer
Now Available on Digital - http://bit.ly/2uxDibn50 miles north of New York City, the town of Monroe is a microcosm for a hyper-partisan and divided nation as...
"Less Prone excellent points and I've seen that video too. Very informative! "
"Less Prone thanks for your support! "
"Less Prone, you are exactly right! They have been harvesting fetal tissue in vaccines for quite…"
© 2026 Created by truth.
Powered by
