Commodity Futures Trading Commission

{"id": 14737, "type": "entities", "links": {"self": "https://littlesis.org/entities/14737-Commodity_Futures_Trading_Commission"}, "attributes": {"id": 14737, "name": "Commodity Futures Trading Commission", "blurb": "Independent US government agency for regulating derivatives trading", "types": ["Organization", "Government Body"], "aliases": ["Commodity Futures Trading Commission", "Commodity Futures Trading Commission", "CFTC", "Commodity Future Trading Commission"], "summary": "Congress created the Commodity Futures Trading Commission (CFTC) in 1974 as an independent agency with the mandate to regulate commodity futures and option markets in the United States. The agency's mandate has been renewed and expanded several times since then, most recently by the Dodd-Frank Wall Street Reform and Consumer Protection Act.\r\n\r\nIn 1974 the majority of futures trading took place in the agricultural sector. The CFTC's history demonstrates, among other things, how the futures industry has become increasingly varied over time and today encompasses a vast array of highly complex financial futures contracts.\r\n\r\nToday, the CFTC assures the economic utility of the futures markets by encouraging their competitiveness and efficiency, protecting market participants against fraud, manipulation, and abusive trading practices, and by ensuring the financial integrity of the clearing process. Through effective oversight, the CFTC enables the futures markets to serve the important function of providing a means for price discovery and offsetting price risk.\r\n\r\nThe CFTC's mission is to protect market users and the public from fraud, manipulation, abusive practices and systemic risk related to derivatives that are subject to the Commodity Exchange Act, and to foster open, competitive, and financially sound markets.", "website": null, "end_date": null, "parent_id": 14635, "extensions": {"Org": {"name": "Commodity Futures Trading Commission", "revenue": null, "employees": null, "name_nick": null, "fedspending_id": null, "lda_registrant_id": null}, "GovernmentBody": {"city": null, "county": null, "state_id": null, "is_federal": true}}, "start_date": null, "updated_at": "2021-03-24T17:36:09Z", "primary_ext": "Org"}}

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