The Commission also focuses on issues of market integrity, which seeks to protect: the economic integrity of the markets so that they may operate free from manipulation; the financial integrity of the markets so that the insolvency of a single participant does not become a systemic problem affecting other market participants; and the operational integrity of the markets so that transactions are executed fairly and that proper disclosures are made to existing and prospective customers.
In FY 2011, the Commission requests $52.6 million to fund its efforts to reach the following outcomes of Strategic Goal Three:
Goal Three Outcomes | FY 2010 | FY 2011 | Change | |||
---|---|---|---|---|---|---|
Budget Request |
FTE | Budget Request |
FTE | Budget Request |
FTE | |
3.1 Clearing organizations and firms holding customer funds have sound financial practices. | $12,824 | 49 | $15,609 | 54 | $2,785 | 5 |
3.2 Commodity futures and option markets are effectively self-regulated. | 16,097 | 64 | 19,905 | 69 | 3,808 | 5 |
3.3 Markets are free of trade practice abuses. | 5,162 | 20 | 6,223 | 21 | 1,061 | 1 |
3.4 Regulatory environment responsive to evolving market conditions. | 8,885 | 33 | 10,908 | 37 | 2,023 | 4 |
Total Goal Three | $42,968 | 166 | $52,645 | 181 | $9,677 | 15 |