ISDA And SIFMA Statement On The CFTC’s Voluntary Dismissal Of Its Appeal Of The 2011 Position Limits Rule

The following statement was issued today from Robert Pickel, CEO of the International Swaps and Derivatives Association, and Kenneth E. Bentsen, Jr., president of SIFMA:

“The CFTC’s move to dismiss its appeal will mark the conclusion of our lawsuit challenging their position limits rule, which was vacated by the District Court last year. We believe those rules as originally written could adversely affect liquidity and increase price volatility in the commodities and broader derivatives markets for end-users and all market participants. We are committed to working on behalf of our members in the U.S. and around the world with the CFTC to develop a regulatory framework that works to ensure safe, efficient markets.”