COC

Letter calls for position limits on derivatives markets (April 2011)

Rethinking Bretton Woods | Tue, Jan 4, 2011

The US Commodity Futures Trading Commission sought comments on a proposed rule on position limits on derivatives, in implementation of the US financial reform legislation. A submission at the initiative of the International Working Group on Trade-Finance Linkages and signed by several civil society organizations and networks called for strict rules, arguing that highly volatile commodity prices act as a serious distortion on the development process and that "Short term export revenue spikes from the commodity price bubble have distorted investment patterns that would enable economic diversification in value-added products." 

The US Commodity Futures Trading Commission sought comments on a proposed rule on position limits on derivatives, in implementation of the US financial reform legislation. A submission at the initiative of the International Working Group on Trade-Finance Linkages and signed by several civil society organizations and networks called for strict rules, arguing that highly volatile commodity prices act as a serious distortion on the development process and that "Short term export revenue spikes from the commodity price bubble have distorted investment patterns that would enable economic diversification in value-added products."

Download submission signed by 18 civil society organizations and networks.

Download submission in Spanish.