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All About The Commodity Futures Trading Commission (CFTC)
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The Commmodity Futures Trading Commission is a US government sponsored independent body that is tasked to monitor and record futures contracts trading activities that occur on futures exchanges in the United States. It was formed by the US Congress in 1974, and has the power to suspend, fine and impose legal sanctions on an individual or a firm in the event of fraud, misconduct or other cases of rule violations.
The agency is also responsible for publishing weekly updates on the holdings of the over twenty market segments in existence today.
These reports, called the 'commitments of traders report' or the COTR are handed out at the end of each week, usually every Friday. They contain information on open interest splits by non-reportable and reportable open interest and non-commercial and commercial open interest.
To make things short, the aim of the Commodity Futures Trading Commission is to protect the public and market participants from abusive and manipulative practices related to the sale of financial futures, options and commodities, and to make sure that all transactions are conducted in a transparent, financially viable and competitive manner.
During its inception, the CFTC was merely tasked to regulated options and commodity futures markets in the US. However, with the introduction of the Commodity Futures Modernization Act of 2000, or CFMA, the CFTC's duties have been expanded.
Via effective oversight, the agency makes sure that the futures market is able to provide market participants a means toward offsetting pricing risks and price discovery.
The CFTC has five commissioners, each of whom is appointed the president and serve in five-year intervals. One of the five commissioners is named chairman, with the approval of the senate, with rules stipulating that not more than three commissioners should be sourced from the same political party, to provide fairness.
The agency is headquartered in Washington, but it also holds offices in key cities that have futures exchanges, like Chicago, New York, Minneapolis and Kansas.
The CFTC has six key operating units: The Division of Clearing and Intermediary Oversight, the Division of Market Oversight, the Division of Enforcement, the Office of Chief Economist, the Office of the General Counsel and the Office of the Executive Director.
Each unit has a specific function, all of which sharing the goal of making sure that all transactions conducted under it satisfy regulations and are in the best interests of market participants.
There is a wealth of information about how to properly trade futures in the CFTC website, which can be found at www.cftc.gov. Check the site for further details.
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Futures Trading Specific links
Futures Trading News
Crude oil down despite encouraging US jobs data - Proactive Investors USA & Canada
 The Hindu | Crude oil down despite encouraging US jobs data Proactive Investors USA & Canada Gold futures also declined. Gold for December delivery went down $3.90 to $1249.50 an ounce. Silver and copper were trading higher on Friday, however. ... Crude Oil Futures Decline as US Service Industries Grow at Slower Pace Oil Softens as Earl Weakens Oil falls below $75 ahead of US jobs report |
US CFTC Data: Specs Accts Add to Euro Shorts, Trim Yen Longs - IMarketnews.com
 Reuters India | US CFTC Data: Specs Accts Add to Euro Shorts, Trim Yen Longs IMarketnews.com ... positions and trimmed their net yen long positions as per August 31, according to data released by the US Commodity Futures Trading Commission Friday. ... Speculators trim bets against US dollar - CFTC Large spec longs surge in CBOT corn-CFTC Flash crash probe plays down quote-stuffing |
NYMEX-Crude choppy after bounce up on jobs report - Reuters
NYMEX-Crude choppy after bounce up on jobs report Reuters Commodities Futures Trading Commission positions data at 3:30 pm EDT (1930 GMT) on Friday. 9:42 LAST NET PCT LOW HIGH CURRENT DAY AGO. US crude futures drop $1 on weak ISM data US crude futures turn positive after jobs report |
Futures Trading Recommendations for Fri. Sept. 3rd - Inside Futures
Futures Trading Recommendations for Fri. Sept. 3rd Inside Futures The markets ended higher ahead of the jobs report and I would have to associate it to thinner than normal conditions ... |
CFTC proposal to gather more data a burden: FIA - Reuters
CFTC proposal to gather more data a burden: FIA Reuters The association, which represents futures dealers, investors and exchanges, said the Commodity Futures Trading Commission should postpone implementing the ... CFTC's Retail Currency Rules Back Off Strictest Leverage CFTC Issues New Forex Trading Rules Backlash prompts rethink on forex leverage |