Declining speculator activity in energy markets was hitting liquidity, making hedging more expensive
commissioner at the Commodity Futures Trading Commission
(CFTC), has again attacked the agency’s proposed
position limit rules, claiming they would damage end-user's
ability to hedge their risk.
Speaking at the
EnergyRisk Summit in Houston on Wednesday, Giancarlo said
"end-users, particularly in the energy markets, were not the
source of the financial crisis and new Dodd-Frank rules should
not treat them like they were."
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