Converting Commodity Swaps to net futures-equivalent: Staying compliant with CFTC:s new position limits on Economically Equivalent Swaps
Trading commodities has been around for centuries, and today, most trading is done electronically on exchanges in derivatives contracts. Over time, regulatory bodies, specifically the CFTC, have sought to implement safeguards against market manipulation by participants. One such measure has been position limits on derivatives, which since January 1st, 2023, also includes so-called economically equ
