CFTC
Government & Politics abbreviation · US Federal Agency
| Stands for | Commodity Futures Trading Commission |
|---|---|
| Categories | Government & Politics |
CFTC stands for Commodity Futures Trading Commission, a US federal agency abbreviation.
Regulates US futures, options and swaps markets, including contracts on commodities, interest rates and currencies, and polices fraud and manipulation. The independent agency oversees exchanges such as CME Group and has asserted authority over some cryptocurrency derivatives.
Example: The CFTC fined the trading firm for spoofing orders in the gold futures market.
Usage notes
Created in 1974 to take over futures regulation from the Department of Agriculture, reflecting the market's farm-commodity origins. The Dodd-Frank Act of 2010 extended its reach to most swaps. Event contracts, including prediction markets on elections and sports, have been a recent area of dispute. It is led by up to five commissioners.
Related abbreviations
More US federal agency abbreviations
- BOP – Federal Bureau of Prisons
- CBO – Congressional Budget Office
- CBP – U.S. Customs and Border Protection
- CDC – Centers for Disease Control and Prevention
- CEA – Council of Economic Advisers
- CFPB – Consumer Financial Protection Bureau
- CIA – Central Intelligence Agency
- CISA – Cybersecurity and Infrastructure Security Agency
- CMS – Centers for Medicare & Medicaid Services
- CPB – Corporation for Public Broadcasting
- CPSC – U.S. Consumer Product Safety Commission
- CRS – Congressional Research Service