External Meetings: Call with David Downey on the SFP Position Limit NPRM

External Meetings: Call with David Downey on the SFP Position Limit NPRM

Discussed the need to continue with the SFP position limit rulemaking.  David Downey noted that traders face frictions in the futures market that don't exist in the OTC market and that traders must trade in size.  He also noted that the five-day period for position limits is arbitrary.

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