CFTC rule changes open up market

Commodity Futures Trading Commission (CFTC) announced a number of rule changes regarding commodity pool operators (CPOs) and commodity trading advisers (CTAs) last week.

The changes ultimately help define rules under the Commodity Futures Modernization Act as to who should be defined as a CPO or CTA and "who should remain within the CPO and CTA definitions, but exempt from registration," CFTC said. In doing so, CFTC will allow hedge funds or certain other...