Market Curiosity: Exploring Markets And Systems

December 5, 2010

Please Elucidate And Enforce Position Limits

Filed under: Editorials — Tags: , — Jeff Fitzmyers @ 9:20 am

Hello,

Please institute and enforce a max position limit of 150% of trailing 12 months of “Issued” or “Stopped” warehouse activity on all futures contracts, no exceptions. The min would be 1% of open interest, and max 5% of open interest.

Also, set margins to 90% of trailing 6 month maximum daily price range of each futures contract, no exceptions, update every night.

That way there is no room for manipulation on anyone’s part and everyone has a knowable and level playing field.

Sincerely,
Market Curiosity
Trader

CC: ggensler@cftc.gov, bchilton@cftc.gov, mdunn@cftc.gov, somalia@cftc.gov, jsommers@cftc.gov, jriley@cftc.gov, dberkovitz@cftc.gov, hhardman@cftc.gov, rshilts@cftc.gov, vmcgonagle@cftc.gov, pcela@cftc.gov, ssherrod@cftc.gov

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