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CFTC To Use Data To Set Position Limits

The Commodity Futures Trading Commission is seeking to use data it collects on the swaps market to set position limits.

The Commodity Futures Trading Commission (CFTC) is seeking to use data it collects on the swaps market to set position limits, NASDAQ reports. The new data would be used to calculate the appropriate position limits.

The commission has proposed to cap the number of contracts a trader can hold across a range of commodities, adds Reuters. The CFTC’s plan would apply limits to 28 energy, metals and agricultural markets.

Click here for the story from NASDAQ.

Click here for additional coverage from Reuters.

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