CFTC to Review San Juan Financial Basis Contract for Significant Price Discovery Function

Summary

The Commodity Futures Trading Commission (CFTC) is launching an investigation to determine if the San Juan Financial Basis (SNJ) contract, traded on the IntercontinentalExchange (ICE), fulfills its purpose of significant price discovery, as mandated by the Commodity Exchange Act and Commission Rule 36.3(c). The CFTC invites public comment on this matter.