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CFTC files notice of appeal on position-limits ruling
The Commodity Futures Trading Commission has filed a notice that it will appeal a court ruling that rejected its position-limits rule. "The rule addresses Congress's concern that ... no single trader be permitted to obtain too large a share of the market, and that derivatives markets remain fair and competitive," CFTC Chairman Gary Gensler said in a statement. "I believe it is critically important that these position limits be established as Congress required."
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