CFTC to set position limits using swaps data, insider says

03/31/2011 | Nasdaq.com

The Commodity Futures Trading Commission plans to propose collecting data on the swaps market and using the information to establish position limits, says the commission's general counsel, Dan Berkovitz. "Under the Commission's proposed large swap trader reporting rule, which would apply to swap dealers and cleared swaps, this new data would be used to calculate the appropriate position limits," Berkovitz says in prepared testimony to lawmakers.

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