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Summary of Goal One Performance Indicators
| Outcome 1.1: Futures, option and swaps 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 2009 Actual |
FY 2010 Actual |
FY 2011 Plan |
FY 2012 Plan |
| 1.1.1 Percentage growth in market volume | -22.1% | 14.7% | 18% | 20% |
| 1.1.2 Percentage of novel or innovative market proposals or requests for CFTC action addressed within six months to accommodate new approaches to, or the expansion in, futures and options trading, enhance the price discovery process, or increase available risk management tools | 75% | 100% | 90% | 90% |
| 1.1.3 Percentage increase in number of futures, options, and swaps products traded | 29.1% | 25.6% | 11.5% | 12.5% |
| 1.1.4 Percentage of new exchange and clearinghouse organization applications completed within expedited review period: | ||||
| a) new exchange applications | N/A1 | 33% | 50% | 33.3% |
| b) new clearinghouse applications | N/A2 | 100% | 100% | 100% |
| 1.1.5 Percentage of new contract certification reviews completed within three months to identify and correct deficiencies in contract terms that make contracts susceptible to manipulation | 71% | 40% | 20% | 30% |
| 1.1.6 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 | 73% | 38% | 35% | 45% |
| 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 2009 Actual |
FY 2010 Actual |
FY 2011 Plan |
FY 2012 Plan |
| 1.2.1 Percentage of exchange applications demonstrating compliance with core principles | 100% | 100% | 100% | 100% |
| 1.2.2 Ratio of markets surveilled per economist | 14 | 45 | 55 | 55 |
| 1.2.3 Percentage of contract expirations without manipulation | 99.9% | 99.9% | 99.9% | 99.9% |
| 1 The applicants of two fast track submissions were taken off the fast track review. (back to text) 2 The applicants of two fast track submissions voluntarily requested to be taken off the fast track review. A third application did not qualify for fast track review. (back to text) |
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