Mune imwe nyaya yapfuura, ndakatsanangura basa re Futures Commission Merchant ( FCM ) uyewo zvikonzero izvo Commodity Futures Trading Commission (CTFC) inoda kubhadharwa neNational Futures Association (NFA) kuvanhu vazhinji nemasangano. Kune mamwe maitiro akachengetedzwa pazvinosvika kune zvigadzirwa zvemangwana mune ramangwana muUnited States. Aya mahofisi anokonzera kuparadzana kwemaitirwo ezvo nekugadzirisa zvinobudirira mukati mekambani.
Muchikamu chino, tichatarisa basa reStelling Broker (IB), Associated Person (AP), Commodity Trading Advisor (CTA) uye Commodity Pool Operator (CPO).
Munyika yemamangwana emangwana , mune mabasa akawanda anokosha kune vadzidzisi vane unyanzvi mukutengesa, kuite, margining , kugadzirisa, kubhadhara uye kunyange kutarisira mari yevashandi vanoita mari mumisika. IB kana Intro Introducing Broker ndeye unyanzvi huri mune ramangwana broker. Iyo IB inowanzova nehukama hwakananga nemutengi, zvisinei; iyo IB inotumira ramangwana ramangwana kuraira ku Futures Commission Merchant yekuita, kuchenesa, uye kugadzirisa. IB inogamuchira mutemo wemirairo inotungamirirwa ku FCM. An IB inogona kushanda kune imwe kana kupfuura FCM. Basa reBI rinowedzera kubudirira pakuti rinoita kuti IB iongorore pane zvinodikanwa nevatengi apo FCM inonyanya kurongedza, kuitengesa uye kubasa pasi.
Imwe FCM kana yekambani inobatana inoshandisa munhu anoshamwaridzana (AP). AP inobatanidzwa mukukumbira kana kuve nekufambisa kwekutengesa mitemo yevamangwana, kugadziriswa kwemabhadharo ekuziva uye kubatanidzwa mumakambani emangwana. Discretionary zvinyorwa zvinowanzo iyo apo AP ichava nehanya pamusoro pokutenga uye kutengesa kune mutengi.
Iyi nhoroondo inofanira kunge yakave yakanyora simba regweta maererano nemitemo yemisika. Muzviitiko zvizhinji, vashandi veC FCM vanofanira kunyoresa neNFA seAAP.
Mutengesi wekutengesa zvekutengeserana kana CTA inogona kuva munhu kana kuti yakasimba. CTA inopa mazano ega ega pamusoro pekutenga kana kutengesa zvenguva dzezvibvumirano, zvisarudzo pane ramangwana zvibvumirano kana zvimwe zvibvumirano zvekushinja kune dzimwe nyika. NFA inoda kuti rekodha yeCTA, sezvo iri sangano rekuzvimiririra remangwana rekushambadzira. Kunyange zvazvo CTA inofanana nemudzidzisi wezvemari, basa iri rakasiyana nekutengeserana mune zvigadzirwa munguva yerudzikinano. CTA inowanzova nehanya pamusoro pemari iyo vatengi vanoisa. CTA's ine zvikwereti zvinoshandiswa zvekutaura zvakasarudzwa nemutungamiriri mukuru, CFTC.
A Pod Pool Pool Operator ndeye munhu kana kuti yakasimba iyo inokurudzira uye inogamuchira mari kubva kune vashandi ekutsvaga mari mune ramangwana rezvigadzirwa, zvisarudzo munguva yemberi uye chero motokari dzinotengeserana nekutengeserana kwemazuva emitengo muchikwata. A CPO inobatanidza mari yevashandi mune dziva uye inoshandisa mari iyi mune imwe nhoroondo yepamusoro, nokudaro kuisa mari iyo. Kunyange zvazvo kune kuenzana kwakawanda pakati peCTA uye CPO, CFTC ine mitemo nemitemo yakasarudza kusiyanisa pakati pezviviri.
Vose vezviitiko izvi, vanoita bhizimisi mumakambani emangwana, vanofanira kupedza unyanzvi hwekuongorora iyo NFA inotungamirira. Iko kuongorora ndiyo Nyaya yeChitsauko 3. Mune mamwe mamiriro ezvinhu, kuregererwa kunogoneka chero bedzi sangano rinodzora, CFTC, rinobvumira kuregererwa.
Nzvimbo yekutonga yekutengeserana kwemazuva ekutengeserana uye kubhadhara kunosvika kare kuma1970 apo vatengesi vepashambadzi vakava vashandi mumashamba emangwana. ICFTC yave ichiwedzera zvinyorwa zvinotarisirwa kune vose vashandi vanobatanidzwa mumisika.
Masoka emangwana anoshandisa nehupamhi hwepamusoro. Nokudaro, kukwanisa kwekuwana zvikwereti kwakakonzera varairi vazhinji uye vatengesi mumakumi emakore adarika. Kana paine unhu hwakakosha hwebatsiro, pane nguva dzose kune maitiro ekurasikirwa kukuru pamwe chete.
Nharaunda yekudzivirira inodzivirira kwete chete vatengi vevashandi ava asi inogadzirisa mitemo nemirairo mukuedza kugadzira dhigiriji yemutambo kune vose vanobatana nemusika.
Kuchinja Mukuronga
Kusarudzwa kwaDonald Trump seMutungamiri weUnited States inogona kuchinja mamiriro ekutonga pamapoka ose ematunhu kusanganisira mune ramangwana rebhizimisi. Mutungamiri Trump achagadza kusvika kune vatatu vatungamiri veCFTC avo vangangotora nzira yakawanda yekugadzirisa mitemo mune ramangwana.