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Summary of Goal One Performance Indicators


Table Of Contents

Goal One: Ensure the economic vitality of the commodity futures and option markets.
Outcome 1.1: Futures and option markets that accurately reflect the forces of supply and demand for the underlying commodity and are free of disruptive activity.
Annual Performance Goal: No price manipulation or other disruptive activities that would cause loss of confidence or negatively affect price discovery or risk shifting.
Performance Measures FY 2008
Actual
FY 2009
Actual
FY 2010
Plan
FY 2011
Plan
1.1.1 Percentage growth in market volume 12.8% -19.5% 28% 10%
1.1.2 Percentage of novel or innovative market proposals or requests for CFTC action addressed within six months to accommodate new approaches to, or the expansion in, derivatives trading, enhance the price discovery process, or increase available risk management tools 100% 75% 75% 90%
1.1.3 Percentage increase in number of products traded 11.4% 22.7% 10% 10%
1.1.4 Percentage of new exchange and clearinghouse organization applications completed within expedited review period:        
a) new exchange applications 100% N/A1 25% 50%
b) new clearinghouse applications 100% N/A2 100% 100%
1.1.5 Percentage of new contract certification reviews completed within three months to identify and correct deficiencies in contract terms that make contracts susceptible to manipulation 82% 71% 70% 85%
1.1.6 Percentage of rule change certification reviews completed within three months, to identify and correct deficiencies in exchange rules that make contracts susceptible to manipulation or trading abuses or result in violations of law 86% 73% 75% 85%
Outcome 1.2: Markets are effectively and efficiently monitored to ensure early warning of potential problems or issues that could adversely affect their economic vitality.
Annual Performance Goal: To have an effective and efficient market surveillance program.
Performance Measures FY 2008
Actual
FY 2009
Actual
FY 2010
Plan
FY 2011
Plan
1.2.1 Percentage of DCO applications demonstrating compliance with Core Principles N/A3 100% 100% 100%
1.2.2 Ratio of markets surveilled per economist 14 14 13 10
1.2.3 Percentage of contract expirations without manipulation 99.9% 99.9% 99.9% 99.9%
1 The applicants of two fast track submissions were taken off the fast track review. (back to text)
2 The applicants of two fast track submissions voluntarily requested to be taken off the fast track review. A third application did not qualify for fast track review. (back to text)
3 No applications for registration as a DCO were received in FY 2008. (back to text)
Last Updated: March 19, 2010