Market Curiosity: Exploring Markets And Systems

February 24, 2011

Bix Weir’s reminder to post comments for the CFTC’s Position Limits for Derivatives

Filed under: Editorials — Tags: , , — Jeff Fitzmyers @ 10:32 am

My comment on CFTC’s Position Limits for Derivatives comment page:


*** Supposedly hedge funds can reap a 20% premium in lieu of [silver] delivery. That’s all one needs to know. ***

+ Institute and enforce a max position limit of 150% of trailing 12 months of “Issued” or “Stopped” warehouse activity on all futures contracts. With a minimum of 1% of open interest, and maximum 5% of open interest. NO exceptions.
+ Set margins to 90% of trailing 6 month maximum daily price range of each futures contract, no exceptions, updated every night.

Then there is no room for any manipulation, and everyone has a knowable and level playing field.

The longer the fraudulent imbalance is allowed to grow, the bigger the final blow up.

Market Curiosity

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