Commodity Exchange Commission

This Issue in United States

Concept of Commodity Exchange Commission (CEC) in Futures Trading

In this context of the United States financial law, the following is a definition of Commodity Exchange Commission (CEC): The Commodity Exchange Commission was the successor commission to the Grain Futures Commission, which was created by the Grain Futures Act, enacted on September 21, 1922. The Commodity Exchange Commission, like its predecessor, consisted of the Secretary of Agriculture, Secretary of Commerce, and the Attorney General. The Commodity Exchange Act granted the Commodity Exchange Commission the authority to establish Federal speculative position limits, but not the authority to require exchanges to set their own speculative position limits.