Convergence

CMC Responds To CFTC Questions on Convergence

Strengthen Data Collection for Non-Agricultural Commodities

The report also recommends that the CFTC should develop reliable data on the extent to which commodity index traders purchase non-agricultural commodity futures contracts, especially crude oil and other energy commodities. Once this data is collected, the CFTC should evaluate the impact of index trading in these markets, and whether position limits for index traders should be phased out to eliminate excessive speculation.

The full report is available below.  Please note the report is very large and is divided into four parts for easier downloading.

•·     Report Part 1 of 4

•·     Report Part 2 of 4

•·     Report Part 3 of 4

•·     Report Part 4 of 4