The securities and commodities futures trading commission have a tremendous amount of overlapping authority.
Commodities futures shifted ahead of the announcement that will instill more liquidity into bond markets.
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It happens that the U.S. lets futures exchanges regulate themselves under the umbrella of the Commodities Futures Trading Commission.
Interestingly, this is what the US regulator, the Commodities Futures Trading Commission (CFTC), has tried to do in its settlement with Barclays.
The Merc will need clearance for the merger from the U.S. Securities and Exchange Commission, the Commodities Futures Trading Commission and the U.S. Justice Department.
FarmLogs provides Chicago Commodities futures market information, video commentary, and related news.
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In September 2005, the Commodities Futures Trading Commission filed a complaint against Israel and Marino and others alleging fraud and misappropriation of funds.
Currently FINRA is responsible for securities brokers, the Commodities Futures Trading Commission for commodities traders and the Federal Reserve for the largest banks.
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Investor cans bypass both company risk and commodities futures trading costs by purchasing U.S. Oil, an exchange-traded fund that tracks the price of oil futures.
Earlier in the year, the Commodities Futures Trading Commission (CFTC) repealed a key exemption from registration that a majority of hedge fund advisers had relied on.
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Like Taibbi, Kaufman traces the beginnings of the increased commodity price volatility to 1991, presumably when the CFTC granted Goldman the exemption from the 5000 contract speculative limit in the commodities futures markets.
The Commodities Futures Trading Commission (CFTC) has said that financial firms trading either for themselves or for their clients could hold as much as 81 percent of all contracts on the NYMEX.
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Bart Chilton, a Democratic commissioner of the Commodities Futures Trading Commission, said it is a headache for regulators to determine whether industry lobbying is based on a legitimate concern or is simply a delaying tactic.
Dodd-Frank gave rulemaking authority to at least eight agencies, for example, and the Securities and Exchange Commission is constantly fighting with the Justice Dept. and the Commodities Futures Trading Commission over who should police financial fraud and products like derivatives.
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That kind of anti-regulatory ideology brought us some of the legislation that fostered the global financial crisis, such as the elimination of the Glass-Steagall Act and the passage of the Commodities Futures Modernization Act, which prohibited some regulation of derivatives such as credit default swaps.
Last year, as the subprime market began its collapse, the President's Working Group, which includes the Treasury Department, the Federal Reserve, the SEC and the Commodities Futures Trading Commission, recommended against tighter oversight of the over-the-counter market, in the context of vetoing tighter regulation of hedge funds, saying the industry can self-police.
For fund investors, good bets are the Market Vectors Agribusiness ETF (MOO), whose top holdings include ag biotech giants Monsanto and Syngenta and tractormaker Deere, and the Invesco Powershares Agricultural ETF (DBA), which invests in a range of commodities futures, from Kansas wheat to feeder cattle to soybeans, cocoa and corn.
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The complaints have gotten a sympathetic ear on Capitol Hill, where lawmakers have just gotten a proposal by the Treasury Department for a sweeping overhaul of financial market regulation, including the merger of the SEC with the Commodities Futures Trading Commission and the reassignment of many of the SEC's enforcement duties to the stock exchanges and other self-regulatory agencies.
The securities industry is regulated by the Securities and Exchange Commission and the Commodities and Futures Trading Commission.
An even more telling argument is that commodities without futures markets (apples, edible beans) or futures markets where index funds did not get involved (milk, rice) also saw price rises during 2006-08.
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True, Gary Gensler, a Goldman alumnus (and veteran of the Clinton administration), has been appointed to run the Commodities and Futures Trading Commission, an important regulator of Wall Street, and Mr Obama may be tempted to appoint Jon Corzine, New Jersey's governor to a top job, but Mr Corzine's past stint as boss of Goldman Sachs will not help his cause.
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But what about (a firm) like a Goldman Sachs which is hedging a futures position in commodities versus hedging a futures position in currencies?
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Is the president going to include commodities exchanges and futures traders on that list too?
And yes, that is what the World Development Movement really does say, that speculators betting on agricultural food commodities, in futures, options and the like, produces rising food prices, greater volatility of food prices and that these things then kill poor people.
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Daniel Pavilonis, senior commodities broker with RJO Futures, said he sees further weakness for gold.
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Bob Haberkorn, senior commodities broker, RJO Futures, said the short-term trend in gold is down, although longer term he still likes gold.
The new CFTC requirement will affect managers that trade more than a deminimus amount of commodities, including certain futures, options and swaps.
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An agreement would be expected to underpin the euro, thereby helping gold, said Gero and Daniel Pavilonis, senior commodities broker with RJO Futures.
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"I'm sure there are a lot of margin calls being triggered and positions being blown, " said Bob Haberkorn, senior commodities broker with RJO Futures.
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