The Commodities and Futures Trading Commission (CFTC) member has proposed a point system to track trading positions in goods such as oil and metals, The Wall Street Journal reports. However, it would hold off on strict position limits under a proposal put forward on January 4.
CFTC member Bart Chilton has proposed a plan to track the commodities traders. The point system would give the CFTC monthly reports that it could use to red-flag traders with large positions.
Click here for the story from The Wall Street Journal.