Commodity Futures Trading Commission

Commodity Futures Trading Commission
Official seal
Agency overview
FormedOctober 23, 1974 (1974-10-23)[1]
Preceding agency
  • Commodity Exchange Authority
JurisdictionFederal government of the United States
Headquarters1155 21st Street, NW, Washington, D.C.
Employees677 (2021)[2]
Agency executive

The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974 that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.

The Commodity Exchange Act (CEA), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.[5] After the financial crisis of 2007–08 and since 2010 with the Dodd–Frank Wall Street Reform and Consumer Protection Act, the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion-dollar swaps market.[6][citation needed]

  1. ^ "History of the CFTC". CFTC.
  2. ^ "Agency Financial Report". Commodity Futures Trading Commission. Commodity Futures Trading Commission. Retrieved July 26, 2021.
  3. ^ History of the CFTC Retrieved from Internet Archive January 13, 2014.
  4. ^ Commodity Futures Trading Commission Retrieved from Internet Archive January 13, 2014.
  5. ^ "Mission & Responsibilities | U.S. COMMODITY FUTURES TRADING COMMISSION". Retrieved October 20, 2019.
  6. ^ Ackermann, Andrew (April 9, 2014). "Senate Panel Approves Three Nominees to CFTC – WSJ". Archived from the original on October 19, 2015. Retrieved April 14, 2018.

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