Define: Commodity Futures Trading Commission

UK Accounting Glossary

Definition: Commodity Futures Trading Commission



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Full Definition of Commodity Futures Trading Commission


The Commodity Futures Trading Commission is an independent federal regulatory agency. The Commodity Futures Trading Act of 1974 established the Commodity Futures Trading Commission to administer the Commodity Exchange Act. The Commodity Futures Trading Commission regulates US commodity futures and option markets and protects market users and the public from fraud, manipulation, and abusive practices. Besides its Washington headquarters, the Commodity Futures Trading Commission has offices in New York, Chicago, Kansas City, and Minneapolis. The Commodity Futures Trading Commission has five commissioners, appointed by the President for staggered five-year terms. The role of the commissioners of the Commodity Futures Trading Commission is to maintain fair and orderly markets, enforce market regulations, and protect customers from fraudulent or abusive trading practices.


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Definition Sources


Definitions for Commodity Futures Trading Commission are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th February 2020.