Office of the Chief Economist

Mission Statement

The mission of the Office of the Chief Economist (OCE) of the Commodity Futures Trading Commission (CFTC) is to conduct rigorous economic and econometric analysis of derivatives markets; to foster market transparency by disseminating its research to market participants and the general public; and to partner with other CFTC divisions and offices to integrate economic reasoning and data analysis into Commission policy and cost-benefit considerations.

A list of the current members of the Office of the Chief Economists can be found on our Biographies page, which includes backgrounds as well as research interests. The office is led by Bruce Tuckman (Chief Economist) and Scott Mixon (Supervisory Economist).

Featured Research

Recent Trends in CDS Markets (John Coughlan, Richard Haynes, Madison Lau, and Bruce Tuckman).

  • This report analyzes trends in index and single-name credit swap markets over the last five years, including breakdowns by counterparty as well as product type.
  • This analysis finds a significant reduction in outstanding notional in the credit market as a whole. However this reduction, at least for the market subset we analyze, is primarily concentrated in: 1) the single-name market and 2) inter-dealer holdings.
  • Specifically for the single-name market it finds a general reduction in the size, and number, of single-name contracts with high levels of liquidity. These shifts have occurred in both the sovereign as well as the corporate single-name markets.

For older research projects, please visit our Research Papers website.

Information on Academic Collaboration