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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 MatchesCommission houseCommission houseA firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account. Commission brokerCommission brokerA broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis. Fee and commission compensationFee and commission compensationSee: Fee-based compensation CommissionCommissionPayment 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. Securities & Exchange Commission (SEC)Securities & Exchange Commission (SEC)A federal agency that regulates the US financial markets. The SEC also oversees the securities industry and promotes full disclosure in order to protect the investing public against malpractice in the securities markets. Further SuggestionsSecurities and Exchange CommissionCommission Commission Futures Commission Merchant Federal Maritime Commission (FMC) Split commission commission house Futures commission merchant (FCM) Commodity Futures Trading Commission indemnity commission Securities and Exchange Commission Rules International Organization of Securities Commissioners Underwriting Commission |
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