US Congressional attempts to limit speculative trading in commodities have been dismissed as a “typical US response in an election year” by Bill Brodsky, chairman and CEO at Chicago Board Options Exchange.
Brodsky’s comments follow calls from two prominent US politicians, Senators Carl Levin and Dianne Feinstein, for tighter control on London’s oil community. Both have called for control of the oil market to fall under the supervision of Commodity Futures Trading Commission...