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Commodity Futures Trading Commission |
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Commodity Futures Trading CommissionCreated by the US Congress in 1974 to regulate exchange trading in futures. URL: http://www.cftc.govSimilar MatchesIndemnity commissionIndemnity commissionWhere a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'. 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. Commission houseCommission houseA firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account. 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. Underwriting CommissionUnderwriting CommissionThe fee investment bankers charge for underwriting a security issue. Further SuggestionsFutures Commission MerchantCommission Split commission Federal Maritime Commission (FMC) Fee and commission compensation Commission Commission broker Securities and Exchange Commission commission house Futures commission merchant (FCM) Commodity Futures Trading Commission (CFTC) International Organization of Securities Commissioners Securities and Exchange Commission Rules |
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