CFTC Chair Giancarlo Pledges to Re-propose Position Limits Rule

J. Christopher Giancarlo, who is expected to leave his post as chair of Commodity Futures Trading Commission in the coming months, says he plans to re-propose a controversial rule to clamp down on traders’ ability to speculate on oil and other commodities before stepping down.

• Giancarlo says his replacement Heath Tarbert is likely to join the CFTC sometime over the summer
• NOTE: Senate Agriculture Committee is holding confirmation hearing for Tarbert today
• CFTC will also propose plan to allow foreign clearinghouses providing services for U.S. persons to register with CFTC, Giancarlo says
• He speaks at an FIA industry event in ...