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Futures Trading Commission (CFTC)

The Futures Trading Commission (CFTC) is an independent agency of the US government that regulates the commodity futures and options markets. It was established in 1974 with the enactment of the Commodity Futures Trading Commission Act.

The main function of the CFTC is to ensure the integrity and transparency of the futures and options markets in the US by enforcing rules and regulations governing their operation. This includes overseeing the registration of futures exchanges, clearinghouses, and intermediaries, as well as monitoring trading activity and investigating any potential violations of the Commodity Exchange Act.

The CFTC also works to protect market participants from fraud and manipulation, and it has the authority to take legal action against individuals or companies who engage in illegal activities in the futures and options markets.

In addition, the CFTC is responsible for monitoring and regulating the trading of commodity futures and options on foreign exchanges that are marketed to US customers, and it works closely with other regulatory agencies in the US and abroad to promote fair and transparent markets.