What is Commodity Futures Trading Commission (CFTC)
An independent agency created by Congress in 1974 with a mandate to regulate commodity futures and options markets in the United States. The CFTC’s responsibilities are to ensure the economic utility of futures markets, via competitiveness and efficiency; ensure the integrity of these markets; and protect the participants against manipulation, fraud, and abusive practices.
The Commission, based in Washington, D.C.,regulates the activities of 285 commodity brokerage firms; 48,211 salespeople; 8017 floor brokers; 1325 commodity pool operators (CPOs); 2733 commodity trading advisers (CTAs); and 1486 introducing brokers (IBs).
Tags: Commodity Futures Trading Commission, commodity options trading, futures options trading
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