Release:             #4496-01
For Release:     March 13, 2001

CFTC Announces Release of 2001 Report on Exchange-Traded Derivatives in Developing Capital Markets

   Washington - The Office International Affairs of the Commodity Futures Trading Commission today released its 2001 Report on Exchange-Traded Derivatives in Developing Capital Markets. The report contains the responses received in answer to a questionnaire-template sent in 2000 relating to the exchanges and regulatory systems for exchange-traded derivatives transactions in certain jurisdictions with developing capital markets. The jurisdictions include: Argentina, Brazil, Chile, China, the Czech Republic, Greece, Hungary, India, Indonesia, Israel, Kenya, Malaysia, Mexico, New Zealand, Peru, Poland, Portugal, Russia, Slovenia, South Africa, South Korea, Taiwan, Thailand, Turkey, and Venezuela. Designed as a broad review of current regulatory practices, the report presents the regulatory information in the terms used by the responding agencies, and does not represent OIA's or the CFTC's opinion. The report is the result of extensive cooperation with representatives of the surveyed jurisdictions, without whose help the report would not have been possible.  

    Exchange-traded derivatives, in the jurisdictions surveyed, range from some of the most active markets in the world to markets in the planning stages. With the growing significance of the international marketplace, and with it, the increased importance of transparency, this report provides valuable disclosure relating to the various regulatory frameworks of twenty-five capital markets in selected economies. The report contains certain economic information as well as information on the core regulatory framework for each derivatives exchange included.

    In releasing the report, Acting Chairman James Newsome said:

"Our third edition of the Report on Exchange Traded Derivatives in Developing Capital Markets builds on our previous reports. With the growing importance to market users of global trading choices, the need for transparency of various regulatory approaches also increases. This survey provides insight into the included markets' regulatory systems, a starting point for further investigation, and will encourage additional work on improving statistical and market data."

    Copies of the Commission's report can be obtained by contacting the Office of Public Affairs, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5080. The report will be available in the near future on the Commodity Futures Trading Commission website.