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Measuring Success: Strategic Goal One—Ensure the economic vitality of the commodity futures and option markets.
Table Of Contents
Outcome 1.1: Markets that accurately reflect the forces of supply and demand for 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:
- Percentage growth in market volume
- 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
- Percentage increase in number of products traded
- Percentage of new exchange and clearinghouse applications completed within expedited review period
- Percentage of new contract certification reviews completed within three months to identify and correct deficiencies in contract terms that make contracts susceptible to manipulation
- 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
Outcome 1.2: Markets that are effectively and efficiently monitored so that the Commission receives 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:
- Percentage of derivatives clearing organizations (DCOs) applications demonstrating compliance with core principles
- Ratio of markets surveilled per economist
- Percentage of contract expirations without manipulation