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The Dubai Gold & Commodities Exchange's derivatives trading grew 26% year-on-year during 2008, to 1.14m contracts. But volume in the fourth quarter fell steeply – by 41% year-on-year in October, 56% in November and 39% in December.
The gold...
“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”
The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.