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Commodity Futures Trading Commission (CTFC)

 

Definition: Established by the Commodity Futures Trading Commission Act in 1974 the CFTC is a US federal agency. Its purpose is to ensure the open and efficient operation of the futures markets by guarding investors from fraud, manipulation and abusive trade practices.

 

 

Additional Info: The US President appoints five futures market commissioners (subject to senate approval).

Related Terms: Financial Services Authority (FSA) - National Futures Association (NFA)

 

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