Bingley sent me this interesting little email he got yesterday.
Seemed noteworthy at the time, but there wasn’t a lot of information besides what was actually IN the announcement itself.
The government’s Commodity Futures Trading Commission (CFTC) regulates the commodities and derivatives markets. Their mission statement…
The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.
…and the little snippets of history on the webpage…
Futures contracts for agricultural commodities have been traded in the United States for more than 150 years and have been under Federal regulation since the 1920s. When the CFTC was created in 1974 with the enactment of the Commodity Futures Trading Commission Act, most futures trading took place in the agricultural…
