Release:                      #4333-99
For Release:              November 4, 1999

 

CFTC STAFF REPORTS THAT U.S. FUTURES MARKETS
REMAIN GLOBAL COMPETITORS

Washington --The Commodity Futures Trading Commission's Division of Economic Analysis issued a report comparing the global competitiveness of U.S. futures and option markets to their counterparts abroad. The report, entitled The Global Competitiveness of U.S. Futures Markets Revisited, updates a 1994 CFTC study, using the same methodology as the earlier study. It also compares aspects of U.S. and non-U.S. regulatory systems.

The report finds that:

The report further concludes that the potential operational cost savings generated by the adoption of new technologies and industry restructuring and the ability of exchanges to provide liquid markets will be among the most important factors in shaping the futures industry's structure in the twenty-first century.

The report is available on the CFTC Web site at http://www.cftc.gov/dea/compete/deacompete.htm.