Commodity Futures Trading Commission
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| State level | Federal Government (United States) | ||
| Consist | since April 15, 1975 | ||
| Headquarters | 1155 21st Street, NW, Washington, DC | ||
| Authority management | J. Christopher Giancarlo | ||
| Employee | 435 (2006) | ||
| Website | www.cftc.gov | ||
The Commodity Futures Trading Commission (CFTC), headquartered in Washington, DC, is an independent United States agency that regulates the futures and options markets in the United States.
According to The Commodity Exchange Act (CEA), 7 USC § 1 ff., The CFTC has the task of protecting trading partners against manipulation , abusive trading practices and fraud. It is supposed to supervise and regulate markets that fulfill economically important tasks.
Supervised major exchanges
- Chicago Board Options Exchange
- Chicago Board of Trade
- Chicago Mercantile Exchange
- US Futures Exchange
- Kansas City Board of Trade
- Minneapolis Grain Exchange
- New York Mercantile Exchange
- ICE Futures US (formerly "New York Board of Trade")
Others
In spring 2010 the CFTC held a hearing on the question of whether and how the prices of gold and silver had been influenced or manipulated. The reason for this hearing was information that had become known through the whistleblower Andrew Maguire at the end of 2009.