ISDA has commented on the Commission’s Communication on commodities and commodity markets. It highlights the importance of commodity derivatives markets to society and the role non-commercial participants in those markets play. It supports transparency as a regulatory tool, but says position management is more effective than inflexible position limits. Finally it says mandatory use of organised trading platforms (as proposed in the MiFID Review) will do little to reduce risk and will negatively affect markets and their participants. (Source: ISDA’s comments on the Commission's Communication on Challenges in Commodity Markets and on Raw Materials)