Designated contract market
A designated contract market is a CFTC-registered futures exchange. Registration status matters for the anti-spoofing provision, which is tied to trading on a registered entity.
Where does designated contract market come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Frank M. Cerisano Jr. (spoofing, 2026) | SEC | 2026-08-10 | Spoofing | $335k | settled |
| SEC v. Mingran Wang (spoofing, 2026) | SEC | 2026-06-25 | Spoofing | — | settled |
| CFTC v. Sidney Lebental (spoofing, 2026) | CFTC | 2026-05-06 | Spoofing | $200k | judgment |
| CFTC v. Gregg Smith and Michael Nowak (spoofing, 2026) | CFTC | 2026-01-16 | Spoofing | $350k | judgment |
| SEBI v. Manish Mishra and others (YouTube promotion of GG Engineering, 2025) | SEBI (India) | 2025-12-19 | Social Media Ramps , Spoofing | — | judgment |