Tim Ryan, president and ceo of SIFMA, today issued the following statement on the final regulations for position limits for futures and swaps issued today by the Commodity Futures Trading Commission:
“SIFMA believes the rule issued today by the CFTC needs careful study. The Dodd-Frank Act mandates that the CFTC impose position limits it deems appropriate only after analyzing market data and the impact on market liquidity. At this stage, the imposition of position limits of any kind is not supported by the legally required analysis of necessity and appropriateness. SIFMA’s primary concern is that the proposed position limit regime may unnecessarily disrupt or limit the commodity markets. We will continue to review this rule.”
