{"id":5524,"date":"2013-11-18T00:00:00","date_gmt":"2013-11-18T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/11\/cftc_votes_to_restrict_commodi"},"modified":"2022-05-04T14:35:59","modified_gmt":"2022-05-04T19:35:59","slug":"cftc-votes-to-restrict-commodi","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/","title":{"rendered":"CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes  in the Market"},"content":{"rendered":"\n<p>In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. This is the CFTC\u2019s second vote on a proposal over \u201cposition limit\u201d rules. A rule that it proposed two years ago was turned down by the United States District Court for the District of Columbia after two Wall Street trade organizations sued claiming that the rule would cause prices to become erratic.<\/p>\n<p>The proposal is related to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The CFTC already has rules to limit market speculation but before they were just applicable during the last days before a futures contract delivery and only to specific agricultural commodities.<\/p>\n<p>Now, the agency\u2019s new rules are proposing to set up limitations that are more broad so that they include derivative contracts for 28 kinds of commodities futures contracts, and not just agricultural contracts but also metal and energy ones and regardless of when the delivery date would be. Exemptions for traders with genuine hedging needs would be allowed, as it will be for firm-held positions involving banks with nearly 50% ownership. To avail of exemptions, trading firms would have to prove that they are not in control of an affiliate. Aside from that, just non-consolidated firms will get exemptions.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/\"  title=\"Continue Reading CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes  in the Market\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. This is the CFTC\u2019s second vote on a proposal over \u201cposition limit\u201d rules. A rule that it proposed two years ago was turned down by the United States District Court for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810],"tags":[2631],"class_list":["post-5524","post","type-post","status-publish","format-standard","hentry","category-cftc","tag-commodities-traders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes in the Market &#8212; Investor Lawyers Blog &#8212; November 18, 2013<\/title>\n<meta name=\"description\" content=\"In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. This &#8212; November 18, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes in the Market &#8212; Investor Lawyers Blog &#8212; November 18, 2013\" \/>\n<meta name=\"twitter:description\" content=\"In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. This &#8212; November 18, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes in the Market &#8212; Investor Lawyers Blog &#8212; November 18, 2013","description":"In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. This &#8212; November 18, 2013","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/","twitter_card":"summary_large_image","twitter_title":"CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes in the Market &#8212; Investor Lawyers Blog &#8212; November 18, 2013","twitter_description":"In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. This &#8212; November 18, 2013","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes in the Market","datePublished":"2013-11-18T06:00:00+00:00","dateModified":"2022-05-04T19:35:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/"},"wordCount":480,"keywords":["Commodities Traders"],"articleSection":["CFTC"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/","url":"https:\/\/www.investorlawyers.com\/blog\/cftc-votes-to-restrict-commodi\/","name":"CFTC Votes to Restrict Commodities Trader\u2019 Position Sizes in the Market &#8212; Investor Lawyers Blog &#8212; November 18, 2013","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2013-11-18T06:00:00+00:00","dateModified":"2022-05-04T19:35:59+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"In a 3-to-11 vote, the Commodity Futures Trading Commission chose to favor restricting the size of any traders\u2019 footprint in the commodities market. 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