Welcome to Maxx Trading Guides
Simulated Futures Trading Article
This is a selection made from among articles on Simulated Futures Trading. For a permanent link to this article, or to bookmark it for future reading, click here.
All About The Commodity Futures Trading Commission (CFTC)
from: Maxx Trading GuidesThe Commmodity Futures Trading Commission is a US government sponsored independent body that is tasked to monitor and record futures contracts trading activities that occur on futures exchanges in the United States. It was formed by the US Congress in 1974, and has the power to suspend, fine and impose legal sanctions on an individual or a firm in the event of fraud, misconduct or other cases of rule violations.
The agency is also responsible for publishing weekly updates on the holdings of the over twenty market segments in existence today.
These reports, called the 'commitments of traders report' or the COTR are handed out at the end of each week, usually every Friday. They contain information on open interest splits by non-reportable and reportable open interest and non-commercial and commercial open interest.
To make things short, the aim of the Commodity Futures Trading Commission is to protect the public and market participants from abusive and manipulative practices related to the sale of financial futures, options and commodities, and to make sure that all transactions are conducted in a transparent, financially viable and competitive manner.
During its inception, the CFTC was merely tasked to regulated options and commodity futures markets in the US. However, with the introduction of the Commodity Futures Modernization Act of 2000, or CFMA, the CFTC's duties have been expanded.
Via effective oversight, the agency makes sure that the futures market is able to provide market participants a means toward offsetting pricing risks and price discovery.
The CFTC has five commissioners, each of whom is appointed the president and serve in five-year intervals. One of the five commissioners is named chairman, with the approval of the senate, with rules stipulating that not more than three commissioners should be sourced from the same political party, to provide fairness.
The agency is headquartered in Washington, but it also holds offices in key cities that have futures exchanges, like Chicago, New York, Minneapolis and Kansas.
The CFTC has six key operating units: The Division of Clearing and Intermediary Oversight, the Division of Market Oversight, the Division of Enforcement, the Office of Chief Economist, the Office of the General Counsel and the Office of the Executive Director.
Each unit has a specific function, all of which sharing the goal of making sure that all transactions conducted under it satisfy regulations and are in the best interests of market participants.
There's a wealth of information about how to properly trade futures in the CFTC website, which can be found at www.cftc.gov. Check the site for further details.
Online Forex Trading Course
Professional trader and author Peter Bain's Video Forex Course demonstrates simple yet powerful pivot currency trading systems used by professional traders.
Simulated Futures Trading News
Where Will the Smart Money go in 2009? - Inside Futures
Where Will the Smart Money go in 2009? Inside Futures, IL - Lind-Waldock also offers other educational resources to help your learn more about futures trading, including free simulated trading. ... |
Get Ready for a Commodity Comeback - Inside Futures
Get Ready for a Commodity Comeback Inside Futures, IL - Lind-Waldock also offers other educational resources to help your learn more about futures trading, including free simulated trading. ... |
Crack Spread 'Yes' Futures 'No' - Seeking Alpha
Crack Spread 'Yes' Futures 'No' Seeking Alpha, NY - Crack trading can now be simulated with levered and short exchange-traded vehicles on petroleum products. A 2-1-1 variant of the crack spread, for example, ... |
Daily Stock Market Update - Inside Futures
Daily Stock Market Update Inside Futures, IL - Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made ... |
Updated US Statement of Additional Information - Sydney Morning Herald
Updated US Statement of Additional Information Sydney Morning Herald, Australia - These futures contracts and options will be used to simulate investment in the respective Underlying Index, to facilitate trading or to reduce transaction ... |