|
|
Article: COMMODITY TRADERS TO MEET AMID DEBATE.(BUSINESS)
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- March 12, 1997
CopyrightCOPYRIGHT 1997 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Cliff Edwards Associated Press
The nation's commodity trading industry, losing business to less-regulated foreign marketplaces, gathers here this week amid a raging debate on whether to relax government oversight of exchanges where billions of dollars change hands each year.
The Commodity Futures Trading Commission warns that the last thing the nation's futures exchanges need is less oversight at a time when rogue traders are roiling global markets and losing billions in unauthorized trades. The CFTC, the federal agency created in 1974 to regulate the nation's commodity and futures markets, argues bills being drafted in the Senate and House would ...