Commodity Futures Trading Commission (CFTC) announced a
number of rule changes regarding commodity pool operators
(CPOs) and commodity trading advisers (CTAs) last week.
The changes ultimately help define rules under the Commodity
Futures Modernization Act as to who should be defined as a CPO
or CTA and "who should remain within the CPO and CTA
definitions, but exempt from registration," CFTC said. In doing
so, CFTC will allow hedge funds or certain other trading firms
to trade futures without the CPO registration requirement.
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