Derivatives Transaction Execution Facility (DTEF)

  

This is NOT DTF. It's DTEF. But it's equally a really awkward term that wonks have tried to improve with an acronym.

Basically, a DTEF is a board of trade that specializes in commodity derivatives. However, the underlying commodities must be excluded and/or exempt (not susceptible to manipulation).

Examples of commodities whose contracts would qualify include energy, patents, trademarks, etc. Agricultural products would not qualify.

DTEFs are not open to retail investors; in most cases, you'll have to use a futures commission merchant and have a high net worth if you want to participate.

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