Working to Protect the Public, the Financial System and the Economy
Many ingredients of life’s essentials are commodities: the gas you put in your car, the wheat in the cereal you eat for breakfast, and the inputs for plastic in children’s toys. However, long before they reach your home, those commodities are subject to lots of market forces and other variables in getting from the oil well or farm to the local store. Commodity derivatives markets were created for producers and purchasers to deal with the risks from those variables, but those markets will not function as intended if there is excessive speculation and a lack of market integrity. The Commodities Futures Trading Commission (“CFTC”) is the agency charged with regulating the commodities and related futures, options, and derivatives markets. Better Markets advocates for strong guardrails through the rulemaking process, monitors the CFTC’s enforcement program, and defends against the industry’s attacks on the CFTC’s authority.