The Commodity Futures Trading Commission
approved a similar expansion for stock index futures and options contracts on the Chicago Mercantile Exchange, the Kansas City Board of Trade and the New York Futures Exchange.
In the United States, before the passage of the Futures Trading Practices Act of 1992 and subsequent regulatory action by the Commodity Futures Trading Commission
(CFTC), the exchange-trading restriction of the Commodity Exchange Act had raised serious concerns about the legal enforceability of many OTC derivatives contracts.
Commodity Futures Trading Commission
opened an investigation in November of Long Beach deliveries and withdrawals that continues today, Metro International's president, William Whelan, said Monday.
Of the efforts taken to date, I should comment on the significant progress made in improving communications among the agencies involved in the surveillance effort--the Bank, the Treasury, the SEC, the Federal Reserve Board, and the Commodity Futures Trading Commission
Tull, the acting commissioner of the Commodity Futures Trading Commission
, said that the agency's investigation of the Sumitomo scandal included Credit Lyonnais, the French bank, a unit of which acted as a broker for Winchester Commodities Group Ltd.
Nonetheless, while the Board believes that federal oversight is necessary, we have been of the view that this authority should rest with either the Commodity Futures Trading Commission
(CFTC) or the Securities and Exchange Commission (SEC).
In other areas, Nasdaq claims to have undertaken major reforms by hiring a new chief regulator, Mary Schapiro, the well-respected former chief of the Commodity Futures Trading Commission
In contrast, the Commodity Futures Trading Commission
requires the firms to let commodities investors not agree to arbitration.