COMPANIES The US must not unilaterally impose limits on the trading positions that traders may take in oil and commodity futures and should enlist the support of the G20 group of industrialised nations to crack down on speculation, a leading regulator warned on Thursday.
The comments by Michael Dunn, a commissioner at the Commodity Futures Trading Commission (CFTC), are a sign that efforts by the US futures regulator to tackle “excessive speculation” in derivatives and commodity markets by capping holdings are running into trouble.
