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Futures Markets: Preliminary Information Related to a Futures Transaction Fee

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Report Type Reports and Testimonies
Report Date May 17, 1993
Report No. GGD-93-108
Subject
Summary:

Shortly after GAO began studying the feasibility of funding the Commodity Futures Trading Commission (CFTC) through a futures transaction fee, the administration proposed instituting a fee on all U.S. futures transactions to cover CFTC's costs. GAO, anticipating congressional deliberation over the transaction fee proposal, prepared this report, which provides preliminary information on the fees charged by (1) federal regulators of financial markets and institutions, (2) futures and securities exchanges, and (3) foreign countries that account for the majority of global futures trading volume.

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