About Commodity markets council
Commodity Markets Council: The Leading Trade Association for Commodity Futures Exchanges and Their Industry Participants
Commodity Markets Council (CMC) is a leading trade association that represents the interests of commodity futures exchanges and their industry participants. Founded in 1957, CMC has been at the forefront of promoting fair, transparent, and efficient markets for commodities such as energy, metals, agriculture, and financial products.
As a non-profit organization based in Washington D.C., CMC serves as a voice for its members on regulatory and legislative issues affecting the commodity markets. Its membership includes exchanges such as CME Group, Intercontinental Exchange (ICE), Nasdaq Futures Inc., NYSE Liffe U.S., and OneChicago LLC; clearinghouses such as ICE Clear U.S. Inc., OCC (Options Clearing Corporation), and The Clearing Corporation; trading firms; banks; brokers; asset managers; end-users of commodities; academics; law firms; consultants; technology providers.
The mission of CMC is to promote the integrity of commodity futures markets by advocating sound public policy and providing education to market participants. It works closely with regulators such as the Commodity Futures Trading Commission (CFTC) to ensure that market rules are fair, transparent, and effective in managing risk.
One of the key initiatives of CMC is to promote innovation in commodity markets through new products or technologies that enhance price discovery or risk management. For example, it has supported the launch of new contracts such as Bitcoin futures or environmental derivatives that allow companies to hedge against climate risks.
Another important role played by CMC is to provide educational resources for its members on topics related to market structure, regulation compliance or risk management practices. It organizes conferences or webinars where experts from academia or industry share their insights on current issues affecting commodity markets.
In addition to its advocacy work at national level in the United States, CMC also engages with international organizations such as the International Organization of Securities Commissions (IOSCO) or the Financial Stability Board (FSB) to promote global standards for commodity markets.
Overall, CMC is a vital organization that plays a critical role in ensuring that commodity futures markets operate efficiently and transparently. Its members benefit from its advocacy work, educational resources, and networking opportunities. As the leading trade association for commodity futures exchanges and their industry participants, CMC is committed to promoting fair and efficient markets that serve the needs of all stakeholders.