Bob van der Valk submits:
The “Eddie Murphy” rule applied to crude oil
On October 21, 2009, in his remarks at the OTC Derivatives Regulation, Futures Industry Association Expo in Chicago the Commodity Futures Trading Commission (CFTC), Chairman Gary Gensler proposed that hedge funds, financial firms or other investment funds not be exempted from clearing requirements and all standardized Over the Counter (OTC) products should be moved onto regulated exchanges or trade execution facilities.
