Futures position limits threaten ETC provision

The US Commodity Futures Trading Commission is considering introducing regulations to restrict positions in certain physical commodity futures and swaps, and has been inviting comments on the move. In a letter dated 28 March, ETF Securities chief executive officer Graham Tuckwell argues the proposals would have harmful effects on ETC investors and the wider market. He adds: "We believe any further regulation would only hinder the ETC's ability to meet its objectives and the market objectives." The regulations could have a significant impact on US ETC provision, because under the CF...