CFTC awaits CBOT, CME comments

By | May 09, 2008
The U.S. Commodity Futures Trading Commission had received one comment at press time in response to proposed rule changes on ethanol swaps and options contracts submitted by the Chicago Board of Trade and the Chicago Mercantile Exchange in March, according to CFTC spokesman R. David Gary. The rule change would apply to contracts that are currently defined as "excluded swap transactions" by the Commodity Exchange Act. The contracts covered by the petition are limited to cleared-only, over-the-counter contracts. The deadline for the CFTC to accept comments was April 8.