ACSA applauds CFTC's finalisation of position limits

The American Cotton Shippers Association (ACSA) has applauded Commodity Futures Trading Commission (CFTC) for its landmark finalisation of rulemaking on position limits for derivatives. ACSA encourages the swift implementation of this rule to more broadly enumerate a list of bona fide hedges that represent the manner in which cotton is merchandised.

 

The American Cotton Shippers Association (ACSA) has applauded Commodity Futures Trading Commission (CFTC) for its landmark finalisation of rulemaking on position limits for derivatives. ACSA encourages the swift implementation of this rule to more broadly enumerate a list of bona fide hedges that represent the manner in which cotton is merchandised.#

“The strong leadership of CFTC chairman Heath Tarbert brought this process to fruition after more than ten years of gridlock,” ACSA president/CEO Buddy Allen, said in a press release. “Chairman Tarbert has been directly engaged and committed to solidifying the risk management needs of the US cotton industry throughout his tenure at the CFTC. This rule’s finalisation increases certainty for true commercial hedging, which makes risk management throughout the supply chain more efficient. This allows for better pricing to producers and end customers.”

 

The American Cotton Shippers Association (ACSA) has applauded Commodity Futures Trading Commission (CFTC) for its landmark finalisation of rulemaking on position limits for derivatives. ACSA encourages the swift implementation of this rule to more broadly enumerate a list of bona fide hedges that represent the manner in which cotton is merchandised.#

“Without ICE standing with the industry, we would have likely not been successful in achieving the outcomes our industry needed in this rulemaking process,” Allen said commending the Intercontinental Exchange (ICE) for their partnership and cooperation throughout this process. 

 

The American Cotton Shippers Association (ACSA) has applauded Commodity Futures Trading Commission (CFTC) for its landmark finalisation of rulemaking on position limits for derivatives. ACSA encourages the swift implementation of this rule to more broadly enumerate a list of bona fide hedges that represent the manner in which cotton is merchandised.#

“We appreciate the commission’s diligence in completing this long pending process with the commercial interests of the cotton industry being properly addressed. The close work and development of this rule to align with the industry’s needs during its development required real leadership from chairman Tarbert, CFTC commissioners, staff, and industry leadership,” ACSA chairman William Barksdale of Cargill Cotton, said in the release.