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social science subjects > business and management > business ethics > finance ethics > Commodity Futures Trading Commission
social science subjects > economics > economic concepts > regulations > Commodity Futures Trading Commission

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Commodity Futures Trading Commission  

Definition

  • THE COMMODITY Futures Trading Commission is an independent agency of the federal government created by the Congress in 1974 to regulate commodity futures and option markets in the United States. The CFTC is responsible for ensuring market integrity and protecting market participants against manipulation, abusive trading practices, and fraud.A futures contract is an agreement to buy or sell in the future a specific quantity of a commodity at a specific price. [Source: Encyclopedia of White-Collar & Corporate Crime; Commodity Futures Trading Commission]

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https://concepts.sagepub.com/social-science/concept/Commodity_Futures_Trading_Commission

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