Release: 4723-02
For Release: November 7, 2002

CFTC ISSUES WEB-BASED GUIDANCE ON SECURITY FUTURES

WASHINGTON, D.C. -- The Commodity Futures Trading Commission (CFTC) has added to its cftc.gov website (www.cftc.gov) a number of web pages to assist market participants and others interested in single-stock futures and futures on narrow stock indices (called security futures under the Commodity Futures Modernization Act of 2000). Security futures are jointly regulated by the CFTC and the Securities and Exchange Commission (SEC).

The security futures web pages (at http://www.cftc.gov/sfp/sfpmain.htm) detail CFTC and SEC requirements for exchanges and intermediaries; contain links to relevant notices and forms from the National Futures Association, the National Association of Securities Dealers, and the Intermarket Surveillance Group; and provide other useful background information.

CFTC Chairman James Newsome noted that:

“These new risk management tools are likely to be of interest to a wide variety of investors, portfolio managers, and risk professionals. We want to make this information readily available and easily accessible. Today, that means putting it on the Internet. We hope that market participants and others will utilize this new CFTC resource and will provide us feedback so that we may continually improve its usefulness.”

For further information about these web pages or the obligations of Commission-regulated entities, contact the Commission’s staff at either DMO@cftc.gov for exchange-related matters or DCIO@cftc.gov for intermediary-related matters. 

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