CFTC Seeks ICE Restrictions In Amaranth’s Wake

Oct 24 2007 | 7:48am ET

Amaranth Advisors lost billions trading natural gas contracts on the Intercontinental Exchange, and the U.S. Commodity Futures Trading Commission wants to make sure that nothing like it ever happens again.

The CFTC is set to ask Congress for new restrictions and oversight of the ICE, an electronic market not subject to the transparency requirements faced by the likes of the New York Mercantile Exchange. In particular, the CFTC wants mandatory dialing reporting of large trades on the exchange, limits on how many contracts a single trader can control and new exchange rules to force traders to unwind large positions.

CFTC Acting Chairman Walter Lukken is set to propose the recommendations to a U.S. House of Representatives subcommittee today.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note