Intercontinental Exchange has dismissed CME Group’s plan for introducing hard single exchange position limits in energy commodities.
The Atlanta-based exchange group – which owns ICE Futures Europe, the former International Petroleum Exchange, and ICE Futures US – said that if position limits were implemented, they should be imposed on an aggregate basis.
That would govern the sum total of all positions reported to the US Commodity Futures Trading Commission in designated contract markets, exempt commercial markets, contracts that fall under CFTC supervision because they are deemed to be significant price discovery contracts, foreign boards...