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Commodity Futures Trading Commission

A commission of the United States Government created in 1974 to regulate the market for futures contracts. It consists of five commissioners appointed by the President and confirmed by the Senate. Among other duties, the CFTC regulates the settlement of derivatives, oversees derivative exchanges, and sets and enforces rules on trading derivatives. It also works with the SEC to regulate futures contracts on single stocks. Futures traders and investment advisers must register with the CFTC as commodity trading advisers.


Commodity Futures Trading Commission (CFTC).

The CFTC is the federal agency that regulates the US futures markets, as the Securities and Exchange Commission (SEC) regulates the securities markets.

The agency's five commissioners are appointed by the US president for staggered five-year terms.

The agency is responsible for maintaining fair and orderly markets, enforcing market regulations, and ensuring that customers have the information they need to make informed decisions.

Commodity exchanges also regulate themselves, but any changes they want to make must be approved by the CFTC before they go into effect.

References in periodicals archive ?
CFTC Director of Enforcement James McDonald (http://www.
Discussions between the CFTC and industry over FIA's request are ongoing, according to two people with knowledge of the matter who asked not to be named discussing private deliberations.
The order also imposes permanent trading and registration bans [on the two traders]," said the CFTC.
The CFTC has provided that "a person that enters into swaps for such person's own account, either individually or in a fiduciary capacity, but not as a part of regular business" is not a swap dealer.
This case goes to the core of the CFTC's mission: protecting market participants and the public from manipulation and abusive practices that undermine the integrity of the (futures) markets," CFTC Enforcement Director Aitan Goelman said in a statement.
The same day the Agriculture Committee was holding the confirmation hearing for President Obama's three CFTC nominees, acting CFTC Chairman Mark Wetjen told the House Agriculture Appropriations Subcommittee that the agency needs a far larger budget than Congress provided for the current fiscal year.
Under Gensler, the CFTC wrote new rules to bring derivatives under government supervision for the first time.
By 1975, futures transactions were no longer regulated by the Department of Agriculture or by the SEC, but rather came under the jurisdiction of the CFTC.
The FT added that the CFTC had issued subpoenas to market participants including ICAP and "several" global banks, as part of an international probe into rigging of various rates including the Libor interbank interest rate.
We observed that CFTC can be found in the blood of mothers at 10-11 weeks of gestation, making their use for NI-PND especially attractive (10-13).
citizens to make bets on the outcome of future events without being duly registered with and regulated by the CFTC.