WASHINGTON (HedgeWorld.com)–The Commodity Futures Trading Commission announced that it has modernized a number of rules regarding commodity pool operators and commodity trading advisers.
In a statement, James E. Newsome, CFTC chairman, said the rules were part of the implementation of the Commodity Futures Modernization Act of 2000.
“I hope that these improved rules will generate additional interest in the risk management tools offered by the futures market, which help a great number of businesses, investors and financial institutions to protect themselves against volatility in commodity prices, interest rates, foreign exchange rates and stock prices,” Mr. Newsome said.