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Call to the Floor: CME Group

Thursday, 16 Dec 2010 | 1:08 PM ET

Curbing speculation in the commodities markets — that's the goal of the U.S. Commodity Futures Trading Commission, which on Thursday revealed plans to apply hard position limits on spot contracts.

But such limits will actually hike food and oil prices for everyone, according to CME Group executive chairman Terry Duffy.

CME Group Chairman Speaks
Why speculators are not fueling price increases, with Terry Duffy, CME Group executive chairman.

To further explain his point, the 51-year-old executive appeared on Thursday's "Fast Money." Watch the video to see the full interview.

After the broadcast we talked a little more with Duffy. Check out what he told us in this web exclusive video—see below!

CEO Web Extra: Terry Duffy
Discussing the worst case scenario for position limits and insight on what Washington needs to know for business, with Terry Duffy, CME Group executive chairman.



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Trader disclosure: On December 16, 2010, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Adami's wife works at (MRK): Cortes owns (TSN); Cortes owns (TM); Cortes is short (BAC) vs. S&P; Cortes is short (XRT) vs. S&P; Cortes is short (MOS); Cortes is short (LVS); Cortes is short Euro Stoxx Futures; Cortes is long Treasuries; Cortes is long USD vs. Mexican Peso; Cortes is short Corn; Cortes is short Nat Gas; Cortes is short Gold; Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MOT), (MHY), (NDAQ), (PFE), (PRST), (S), (X)

For Patty Edwards
Edwards owns (AAPL) for clients
Edwards owns (GS) for clients
Edwards owns (C) for clients
Edwards owns (CME) for clients
Edwards owns (AMZN) for clients
Edwards owns (F) for clients
Edwards owns (MSFT) for clients
Edwards owns (XLK) for clients
Edwards owns (GLD) for clients
Edwards owns (SLV) for clients
Edwards owns (GE) for clients
Edwards owns (GIS) for clients

For Steve Grasso:
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (AMGN)
Stuart Frankel & Co and its partners own (BP)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GE)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HPQ)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (OPEN)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (TLM)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UNM)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)

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