Release Date: November 5, 2013
Contact: Liz Pierce, 212.313.1173, email@example.com
SIFMA Statement on Proposed Position Limits Rulemaking
New York, NY, November 5, 2013 - SIFMA today released the following statement from Kenneth E. Bentsen, Jr., president, after the Commodity Futures Trading Commission (CFTC) voted to approve a new rulemaking proposal for position limits in derivatives:
"SIFMA will review the proposed rule with our members and provide comments to the CFTC once we have fully assessed this proposal. SIFMA steadfastly believes that any new regulation should not adversely impact liquidity, price discovery and the ability to hedge in the commodities and broader derivatives markets for end-users and all market participants."
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.