Series 3: 7.3.4.3. Records Of Commodity Interest

Taken from our Series 3 Online Guide

7.3.4.3. Records of Commodity Interest

A commodity interest is a commodity futures contract or an option on commodities or futures. The term commodity interest is used by the CFTC to contrast with trading in securities.

Every FCM and each introducing broker that has generated over the preceding three years more than $5 million in aggregate gross revenue from its IB activities must:

Keep complete and systematic records of all orders (filled, unfilled, or canceled), canceled checks, copies of confirmations, copies of statements of purchase and sale, and all other records related to its dealings in commodity interests

Keep all oral and written communications provided or received concer

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