CFTC report on swap dealer and index trader activity

Following an unprecedented survey of off-exchange swap dealers and commodity index funds carried out in June 2008, the Commodity Futures Trading Commission has made some recommendations on activities of swap dealers and commodity index traders.

The survey included 43 request letters to 32 entities and their sub-entities seeking information on total swap and index activity in the futures and over-the-counter (OTC) markets, and asked responders to categorize the activities of their customers. Responders provided monthly data for the period of December 31, 2007 through June 30, 2008 and have a continuing obligation to provide monthly data to the CFTC.

In analyzing the data, Commission staff focused on three quarterly dates for presenting

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