Commodity Futures Trading Commission
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The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States Government, created by Congress in 1974. It replaced the Commodity Exchange Authority. It is responsible for recording and monitoring the trading of futures contracts on United States futures exchanges. The CFTC has the authority to fine, suspend, or sue the company or individual in a federal court in cases of misconduct, fraud, or if a rulebreaking occurs.
The CFTC publishes weekly reports containing details of holdings for market-segments, which have more than 20 participants. The reports are released every Friday (including data from the previous Tuesday) and contain data on open interest split by reportable and non-reportable open interest as well as commercial and non-commercial open interest. This type of report is referred to as 'Commitments-Of-Traders'-Report, COT-Report or simply COTR.
In December 2000, Congress passed the Commodity Futures Modernization Act of 2000, which instructed the Securities & Exchange Commission and the CFTC to develop a joint regulatory regime for single-stock futures, and the products subsequently began trading in November 2002.
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[edit] Primary exchanges monitored
- CBOE Futures Exchange
- Chicago Board of Trade
- Chicago Mercantile Exchange
- HedgeStreet
- Eurex US (now "U.S. Futures Exchange, LLC")
- Kansas City Board of Trade
- Minneapolis Grain Exchange
- New York Mercantile Exchange
- New York Board of Trade
- OneChicago
[edit] See also
[edit] External links
- Commodity Futures Trading Commission Website
- Futures Industry Association
- National Futures Association
