The Commodity Futures Trading Commission has finalized its position limits rule for derivatives. The National Grains and Feed Association is pleased with what they approved. NGFA Senior Vice President Todd Kemp says while they like what CFTC came up with noted it took a long time to get that done as discussions on it began ten years ago.
He says the original proposal CFTC came up with was much too restrictive and inefficient.
Kemp says the new rule places more responsibility on determining bona fide hedges with the CME rather than the CFTC.
This final rule goes into effect 60 days after it’s published in the Federal Register.
