Industry Oversight
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List of:
DCMs
DCOs
DTEFs
ECMs
EBOTs
MCOs
How to:
Apply to be a DCM
Register as a DCO
Register as a DTEF
Notify of ECM
Notify of EBOT
Industry Oversight
Markets, Clearing Organizations, and Intermediaries
Regulated Markets
DCMs (also commonly called futures markets) may trade the widest selection of commodities and allow trading by a full range of market participants. DTEFs are trading facilities that operate under a lower level of regulation, but are limited to certain commodities and/or participants.
Exempt Markets
Trading facilities that meet applicable criteria may operate relying on an exemption from most provisions of the CEA:
- Exempt boards of trade (EBOTs)
- Exempt commercial markets (ECMs)
Clearing Organizations
Clearing organizations operating in connection with Commission authority include:
Intermediaries
The CFTC oversees the activities of firms who act as intermediaries between customers and markets:
- Futures commission merchants (FCMs)
- Introducing brokers (IBs)
- Commodity pool operators (CPOs)
- Commodity trading advisors (CTAs)
Intermediaries also are subject to financial privacy and anti-money laundering requirements.
Surveillance and Oversight
The goal of the Commission's oversight of regulated markets is to detect and deter market manipulation, prevent customer and market abuses, and ensure that regulated entities comply with self-regulatory responsibilities. The Commission conducts financial surveillance of clearing organizations and intermediaries in order to promote the financial integrity of the markets and the protection of customer funds.
- Market Surveillance
- Trade Practice Surveillance Program
- Rule Enforcement Reviews of DCMs
- Financial Data for FCMs
Contracts and Rules
- Contracts and Products
- Information about DCM, DCO and DTEF Rules and Rule Amendments Filings
- Industry Filings Search Tool The Industry Filings Search tool provides access to submissions by trading organizations and clearing organizations.