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[其他] 资料:CFTC和NFA的关系

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发表于 2008-1-21 09:54:03 | 显示全部楼层 |阅读模式
National Futures Association

The CFTC Act of 1974 also authorized the creation of a national futures association. The National Futures Association (NFA) was established in 1981.
It is a self-regulatory body of the futures industry and is supported by the futures industry. Its members have established rules -- often above and beyond state or federal laws -- to maintain fair practices and protect the integrity of the industry.
Relationship of the CFTC to the NFA
The relationship between the CFTC and the NFA is similar to the relationship between the Securities Exchange Commission (SEC) and the National Association of Securities Dealers (NASD).
CFTC => NFA
SEC => NASD

The CFTC is the parent organization and depends on the NFA to perform mandatory registration and enforce other CFTC regulations.
NFA - Functions

The NFA serves as a self-regulatory association and performs these functions:
Enforces customer protection
Screens applicants for membership
Provides a forum for arbitration of disputes
Audits members for compliance to industry rules
Promotes education of the industry
 楼主| 发表于 2008-1-21 10:11:04 | 显示全部楼层

NFA规定的指令单的“非法执行”

Illegal Executions

It is generally illegal for a broker to:

Take the opposite side of a customer order that the broker has been given to execute.
Execute an order in any location other than the designated pit area or electronic platform on the exchange where it trades.
Trade 'ahead' of this order.
Execute an order outside of the regular trading hours established for the commodity and/or commodity options in question.
发表于 2008-1-23 03:44:31 | 显示全部楼层

翻译了一下

商品期货交易委员1974年会法地被授权成立一个全国期货协会。全国期货协会(NFA)成立于1981年。
这是一个期货业的自律机构并由期货业支持。其成员有既定的规则-常常超越州或联邦的法律-来维持公平操作和保护行业诚信。

CFTC和NFA的关系
商品期货交易委员和全国期货协会两者之间的关系,同证券交易委员会( SEC )和全国证券交易商协会的关系是相似的。
CFTC>=NFA
SEC>=NASD

商品期货交易委员会是上级组织,依靠NFA以履行强制性注册,并执行其他的CFTC规例。

NFA-职能
NFA是一个自我规管协会并履行以下职能:
实行客户保障
申请入会界面
提供了一个论坛,仲裁争端
审计各会员遵守行业规则情况
促进行业教育

[ 本帖最后由 thanksu 于 2008-1-23 03:47 编辑 ]

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发表于 2008-1-23 03:48:24 | 显示全部楼层
呵呵 说这么多

也就是CFTC是政府机构
NFA是行业协会
 楼主| 发表于 2008-1-23 12:57:54 | 显示全部楼层

Bingo!对头!谢谢翻译!

Bingo!对头!谢谢翻译!
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