CFTC to Review TETCO-M3 Financial Basis Contract for Significant Price Discovery Function

Summary

The Commodity Futures Trading Commission (CFTC) is launching an investigation to determine whether the TETCO-M3 Financial Basis contract, traded on the IntercontinentalExchange (ICE), fulfills a crucial price discovery role, as mandated by the Commodity Exchange Act and Commission Rule 36.3(c). Interested parties are invited to submit comments on this matter.