Everything about Commodity Exchange Act totally explained
Commodity Exchange Act (ch. 545,, enacted
June 15,
1936) is a federal act passed in 1936 by the U.S. Government (replacing the
Grain Futures Act of 1922).
The Act provides federal regulation of all commodities and
futures trading activities and requires all futures and commodity options to be traded on organized exchanges. The
Commodity Futures Trading Commission (CFTC) was created in
1974 as a result of the Commodity Exchange Act, which in
1982 created the
National Futures Association (NFA).
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