In mid-January, the US Commodity Futures Trading Commission (CFTC) unveiled a rule-making proposal to restrict positions in energy derivatives. The regulatory body is allowing market players around three months to comment on the proposal to limit contracts on gas and oil.
ETF providers are among the large number of interested parties who could be impacted by developments in this area. As Helen Fowler discusses in the cover feature, one possible result of the proposal – if it becomes law – is providers of certain ETFs will likely be pushed into the swap market. With the potential for position limits to be set in the precious metals markets, such as silver and gold, players in the ETF industry will be closely watching this space for the next few months at least. Aside from regulatory scrutiny, the year ahead bodes well for the ETF industry. Last year saw g...
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