CFTC 发布有关提及市场的员工建议

CFTC 发布关于提及市场的员工建议 |美国商品期货交易委员会
版本号 9302-26
CFTC 发布有关提及市场的员工建议
2026 年 9 月 22 日
华盛顿——商品期货交易委员会的市场监督部门今天发布了一份咨询意见，涉及基于个人是否会说或“提及”某些词语、参加或出现在活动中或以其他方式与他人互动的事件合约的上市和交易，这些合约通常被称为“提及市场”合约。
这些合约类型带来了更高的操纵风险，因为它们的结算取决于一个人的离散行为，而这种行为可能既不是独立生成的，也不是外部可验证的。
该咨询概述了此类合约可以按照《商品交易法》和委员会法规进行上市的有限情况，并提供了 DCM 在根据委员会法规第 40.2 或 40.3 条设计和提交提及市场合约时应考虑的因素的非详尽示例。
该咨询还提醒 DCM，根据核心原则 3，他们有义务仅列出不易受到操纵的合同，并强调在根据第 40 部分提交这些产品时提供完整的、针对合同的分析的重要性。
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CFTC Releases Staff Advisory on Mention Markets | CFTC
Release Number 9302-26
CFTC Releases Staff Advisory on Mention Markets
September 22, 2026
WASHINGTON — The Commodity Futures Trading Commission’s Division of Market Oversight today issued an advisory that addresses the listing and trading of event contracts that are based on whether an individual will say or “mention” certain words, attend or appear at an event, or otherwise interact with another person, which are commonly referred to as “mention market” contracts.
These contract types present a heightened risk of manipulation because their settlement turns on the discrete conduct of a person that may be neither independently generated nor externally verifiable.
The advisory outlines the limited circumstances in which such contracts may be listed consistently with the Commodity Exchange Act and Commission regulations and provides non-exhaustive examples of factors that DCMs should consider when designing and submitting mention market contracts under Commission Regulations Sections 40.2 or 40.3.
The advisory also reminds DCMs of their obligation under Core Principle 3 to list only contracts that are not readily susceptible to manipulation and emphasizes the importance of providing complete, contract‑specific analysis when submitting these products under Part 40.
-CFTC-