Reuters exclusive with CFTC limits update

Reuters scored an exclusive on July 10 with CFTC Commissioner Bart Chilton saying the regulatory agency was trying to get futures position limits in place on energy and metals by October, much sooner than the market was looking for. It was also the first time metals have been specifically mentioned alongside CFTC reviews of energy and grain trading. Reuters followed up quickly with an analysis showing how CFTC haste to implement reforms leave opponents little time to argue that the agency is going too far, too fast. Chilton, one of five CFTC commissioners, spilled the beans as he was reporting on the timeline and process for the review of commodities trading laid out by CFTC head Gary Gensler earlier in the week. Friday’s scoop came as the proposals on the SEC and CFTC roles in regulating derivatives were being hashed out on Capitol Hill.