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Commodity Futures Trading Commission (CFTC) |
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Commodity Futures Trading Commission (CFTC)An agency created by the US Congress in 1974 to regulate exchange trading in futures.Commodity Futures Trading Commission (CFTC) Similar MatchesCommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. Commodity Futures Trading CommissionCommodity Futures Trading CommissionCreated by the US Congress in 1974 to regulate exchange trading in futures. URL: http://www.cftc.gov Underwriting CommissionUnderwriting CommissionThe fee investment bankers charge for underwriting a security issue. Futures commission merchant (FCM)Futures commission merchant (FCM)A firm or person engaged in soliciting or accepting and handling orders for the purchase or sale of futures contracts, subject to the rules of a futures exchange and, who, in connection with such solicitation or acceptance of orders, accepts any money or securities to provide margin for any resulting trades or contracts. The FCM must be licensed by the CFTC. Related: Commission house, omnibus account. CommissionCommissionA percentage of the sale price which the selling party receives. This can be an estate agent in relation to a property, a broker selling you a mortgage or other products and even a dorr to door salesman selling you a nice new set of double glazing. Further SuggestionsSecurities and Exchange CommissionCommission house Federal Maritime Commission (FMC) Commission broker Securities and Exchange Commission Rules Securities & Exchange Commission (SEC) Futures Commission Merchant indemnity commission commission house Commission International Organization of Securities Commissioners Fee and commission compensation Split commission |
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