The terms of futures contracts traded in the U.S.are set by the exchange on which they propose to be traded, but are subject to approval by the
A)Federal Reserve.
B)Commodity Futures Trading Commission.
C)CME Group (formerly Chicago Mercantile Exchange).
D)Chicago Board of Trade.
E)Securities and Exchange Commission.

Question

Quizplus · Accepted Answer

Futures contracts traded in the U.S. are subject to approval by the Commodity Futures Trading Commission (CFTC). The CFTC is the regulatory body that oversees the futures and options markets in the U.S. and approves the terms of each contract before it is traded. While exchanges like the CME Group and Chicago Board of Trade set the terms of their contracts, they must receive approval from the CFTC before they can be traded.

The Terms of Futures Contracts Traded in the U