The US commodity markets watchdog is due to begin hearings on proposals that could curb energy and commodities trading and hit the business of futures exchanges and Wall Street banks.
Starting on Tuesday, the Commodity Futures Trading Commission will take testimony on two controversial ideas its new leaders think could avert price spikes in oil and other commodities. One would limit how many futures contracts traders can hold, while another would reconsider exemptions from less stringent limits currently imposed by exchanges, which many Wall Street banks enjoy.
