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Summary of Goal One Performance Indicators
Table Of Contents
| Outcome 1.1: Futures and option markets that accurately reflect the forces of supply and demand for the underlying commodity and are free of disruptive activity. | ||||
|---|---|---|---|---|
| Annual Performance Goal: No price manipulation or other disruptive activities that would cause loss of confidence or negatively affect price discovery or risk shifting. | ||||
| Performance Measures | FY 2007 Actual |
FY 2008 Actual |
FY 2009 Plan |
FY 2010 Plan |
| Percentage growth in market volume | 27% | 12.8% | 24% | 28% |
| Percentage of novel or innovative proposals or requests for CFTC action addressed within six months to accommodate new approaches to, or the expansion in, derivatives trading, enhance the price discovery process, or increase available risk management tools | 100% | 100% | 75% | 75% |
| Percentage increase in number of products traded | 20% | 11.4% | 10% | 10% |
| Percentage of new organization applications completed within expedited review period | ||||
| a) new exchange applications | N/A1 | 100% | 25% | 25% |
| b) new clearinghouse applications | N/A1 | 100% | 100% | 100% |
| Percentage of new contract certification reviews completed within three months to identify and correct deficiencies in contract terms that make contracts susceptible to manipulation | 82% | 82% | 82% | 82% |
| Percentage of rule change certification reviews completed within three months, to identify and correct deficiencies in exchange rules that make contracts susceptible to manipulation or trading abuses or result in violations of law | 82% | 86% | 86% | 86% |
| Outcome 1.2: Markets are effectively and efficiently monitored to ensure early warning of potential problems or issues that could adversely affect their economic vitality. | ||||
| Annual Performance Goal: To have an effective and efficient market surveillance program. | ||||
| Performance Measures | FY 2007 Actual |
FY 2008 Actual |
FY 2009 Plan |
FY 2010 Plan |
| Percentage of derivatives clearing organization applications demonstrating compliance with CFTC Core Principles | N/A2 | N/A2 | 100% | 100% |
| Ratio of markets surveilled per economist | 13 | 14 | 12 | 12 |
| Percentage of contract expirations without manipulation | 99.9% | 99.9% | 99.9% | 99.9% |
| 1 No applications for registration as a DCO or exchange were received in FY 2007. (back to text) 2 No applications for registration as a DCO were received in FY 2007 or FY 2008. (back to text) |
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