WSJ: Regulator Wants Curbs on Financial Futures
Published: November 2, 2010 / Author: Sarah Lynch
Note: Following is an excerpt from a Wall Street Journal news brief about Chilton’s talk at Notre Dame. Subscription is required to read the entire brief.
A regulator at the Commodity Futures Trading Commission called for imposing trading curbs on financial futures such as the Standard & Poor’s 500 E-mini, saying they could help prevent a repeat of the May 6 “flash crash.”
In a speech at Notre Dame University, CFTC Commissioner Bart Chilton said the agency already has the authority to impose limits on how many financial futures contracts any one market player can hold, although he didn’t offer any details on what kind of limits might be appropriate.