Commodity Markets Council

From MarketsWiki
Jump to: navigation, search
OIC blue.jpg
Commodity Markets Council
CMCLogo.gif
Founded 2006
Headquarters Washington, D.C.
Key People Greg Doud, President; Charles Carey, Chairman
Twitter ID @CMCorg
Web site www.commoditymkts.org

The Commodity Markets Council (CMC) is a trade association that brings together commodity exchanges with their industry counterparts. The activities of the group's members represent the spectrum of commercial users of all futures markets including agriculture, energy, metals and financials.

The group's industry member firms are regular users of CME Group, ICE Futures US, Kansas City Board of Trade, Minneapolis Grain Exchange and New York Mercantile Exchange.[1]

Products and Services

CMC is positioned to provide the consensus views of commercial end-users of derivatives exchanges and the exchange markets. Over the years, CMC and its predecessor organization the National Grain Trade Council,[2] worked with the Commodity Futures Trading Commission (CFTC) and lawmakers to improve transparency and accountability in these markets.

John Lothian News Interviews

Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013
Sanjeev Joshipura, (then) president of Commodity Markets Council, talks about how Dodd-Frank rules will impact his membership base. Joshipura talks with JLN editor-in-chief Jim Kharouf about the future of the controversial position limit rule, which was vacated by a US District Court on September 28, 2012. A new position limit rule is expected from the Commodity Futures Trading Commission (CFTC), which will include a cost-benefit analysis. CMC is also focused on the CFTC’s reauthorization this year and the continuation of EMIR regulations. Joshipura also talks about US and EU regulatory harmonization and the challenges facing that goal. Published Feb. 7, 2013.[3]

History

CMC's forerunner, the National Grain Trade Council (NGTC), began in 1936 to represent grain traders and exchanges before the U.S. federal government. In 2006, the NGTC reorganized as the CMC to represent a broad swath of hedgers. While active in agricultural issues, CMC has expanded to finance, energy, and metals issues.

Key People

Board

Members

Exchange Members

Industry Members

Resources

References

  1. CMC Membership. CMC.
  2. NGTC Restructures As Commodity Markets Council. The Free Library.
  3. Sanjeev Joshipura of the Commodity Markets Council on Dodd-Frank in 2013. John Lothian News: Restoring Customer Confidence.