Comment Text:
On February 24,2010, Commissioner Dunn met with executives of the Chicago Mercantile Exchange (CME) to discuss the Commission's proposed rulemaking regarding Federal Speculative Position Limits for Referenced Energy Contracts and Associated Regulations. At this meeting, CME stated that the could accept the proposed position limits but had concerns about provisions in the proposed regulation that indicated to them that a trader could not be both a hedger and a speculator and receive exemptions. CME indicated that they would be providing a more detailed comment letter to the Commission.
