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CFTC Member Proposes Position Tracking

The Commodities and Futures Trading Commission member has proposed a point system to track trading positions in goods such as oil and metals.

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.

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