Commodity Options Transactions Proposed Amendment of Interim Regulations

by Council on Wage and Price Stability on June 6, 1977
by Council on Wage and Price Stability

Interim regulations proposed by the Commodity Futures Trading Commission which would implement a three-year pilot program in the trading of commodity options were supported today by the Council on Wage and Price Stability. At the present time, the Commodity Exchange Act prohibits trading in options on most agricultural commodities. In addition, no organized exchange is licensed to trade in commodity options, although there does exist a dealer system for options in such commodities as silver, copper, gold, coins, and sugar. The proposed pilot program would open the way for organized trading in options not otherwise prohibited by statute.

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