Exchanges,Banks,Traders To Speak At CFTC Metals Meeting Thursday

Officials from major exchanges and banks and individual traders will be among the long list of panelists slated to speak Thursday at the U.S. Commodity Futures Trading Commission's meeting to discuss possibly imposing trading limits on metals futures.

The meeting on metals comes just a few months after the CFTC unveiled a proposal to impose speculative trading limits on key energy futures contracts. That proposal is still receiving comments from the public and will need a majority vote from agency commissioners before it can be implemented.

Thursday's meeting on metals will feature four panels of speakers. The speakers are: Jeff Burghardt of metal and manufacturing company Luvata, Jeremy Charles of HSBC Bank USA, Tom LaSala of CME Group Inc. (CME), Diarmuid O'Hegarty of the London Metal Exchange, trader Mark Epstein, Tom Callahan of NYSE Euronext, Dr. Henry G. Jarecki of Gresham Investment Management LLC, Bill Murphy of the Gold Anti-Trust Action Committee, Kevin Norrish of Barclays Capital, John Lothian of John Lothian & Co., Richard Strait of Triland USA, a division of Mitsubishi Corp. (MSBHY, 8058.TO), Simon Grenfell of Deutsche Bank AG (DB, DBK.XE), Mike Masters of Masters Capital Management LLC, metals investor Harvey Organ and Jeffrey Christian of CPM Group.

Other panelists will include two CFTC staffers: General Counsel Dan Berkovitz and Steve Sherrod from the Division of Market Oversight.

The CFTC will likely use the feedback it receives from this meeting to help draft a proposal for imposing speculative trading limits on metals.

-By Sarah N. Lynch, Dow Jones Newswires; 202-862-6634; sarah.lynch@dowjones.com

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