Commodity Futures Trading Commission obligations on USAspending

A $428.7 million award book for a market regulator

USAspending.gov records $428,709,598.69 obligated by the CFTC through FY2026. The commission oversees futures, options, and swaps markets; the spending file does not. Swap data repositories, clearinghouses, and open interest never appear as rows in this table. What appears are the awards the CFTC itself signed: technology, facilities, expert services, and other instruments that USAspending classifies as federal awards.

Four hundred twenty-eight million dollars is the obligation stock for CGAC 339 in this extract. It is smaller than cabinet-department totals and larger than many micro-agencies in the same independent-commission cluster. Size here is not a proxy for market share. A thin award book can still support a statutory mission if most work is done by federal staff whose pay is not issued as USAspending awards.

426 awards, and why the average tops $1 million

The extract counts 426 awards. $428,709,598.69 divided by 426 is about $1,006,361 per award. That is a high mean relative to grant-making endowments that issue thousands of small cooperative agreements. It is consistent with a regulator that buys fewer, larger support contracts rather than running a high-volume assistance program. The packet still does not disclose how many of the 426 are contracts versus grants.

Because the mean is pulled by large instruments, a reader should not assume every CFTC award is a seven-figure deal. USAspending award files routinely mix ceiling-value task orders with modest purchase orders. Without a median in the packet, the honest statement is the ratio plus the count: 426 awards totaling $428.7 million through the FY2026 cutoff.

Obligations versus the CFTC’s enacted appropriation

Congressional appropriations fund the commission; USAspending awards are a subset of how those funds are committed to outside parties. The $428,709,598.69 does not equal the CFTC’s annual budget request, nor does it equal salaries and benefits for commissioners and staff. Those personnel costs generally never hit this table. Comparing this obligation total to a one-year budget table without that caveat will overstate or understate the agency depending on which side you omit.

FY2026 is the latest year on the packet. Cumulative awards that remain in the warehouse are included. A multi-year IT contract signed before FY2026 still feeds the running total if USAspending still carries the obligation. Treat 2026 as the extract’s horizon.

CGAC 339 as an awarding-agency key

Commodity Futures Trading Commission rows in this dataset use awarding-agency code 339. That CGAC is how SpendingVault builds /agencies/339/ and the matching state path. If another agency awarded a study of commodity markets, those dollars would carry a different CGAC even if the CFTC later cited the study. The $428.7 million is the CFTC-as-awarder view only.

State tables and what they can and cannot show

The state breakdown for agency 339 attributes the 426 awards using USAspending location fields. A vendor headquartered in one state can perform work in another; the file records whichever geography the source populated. Do not read a large state share as “the CFTC prefers that state.” Read it as where the award records point.

From the agency page, move to the all-agencies list only when you need a directory, not a league table. The CFTC’s 426 awards and $428,709,598.69 are complete for this CGAC in the current extract. They are incomplete as a picture of U.S. derivatives-market activity, which lives in market data, not in federal procurement files.

How to use the CFTC tables without mixing market data

Swap volumes, futures open interest, and clearinghouse margin are market-structure series. They update on a different clock from USAspending award extracts. The $428,709,598.69 obligation stock through FY2026 will not track those series. A quiet year in grain futures can coincide with a large CFTC IT obligation; a volatile year can coincide with a quiet award book. Keep the 426 awards on one side of the notebook and the market tape on the other.

Place-of-performance fields on derivatives-regulator awards often resolve to the District of Columbia or to a vendor’s headquarters state. That is not a map of designated contract markets. A large share tagged to one state on the agency 339 state table is a location-field result. Open the underlying award if you need the recipient’s legal name. The packet does not publish recipient names, so this prose does not invent them.

Awarding agency and funding agency can diverge on a single row. The $428.7 million here is the CFTC-as-awarder view. If another department funded a commodity-market study that the Commission later cited, those dollars would carry a different CGAC. This file does not include a funding-agency alternative total. Use the agency page for the live awarding-agency tables and the all-agencies index only as a directory.

Questions

How much federal spending is tagged to the CFTC on USAspending?

The Commodity Futures Trading Commission has $428,709,598.69 in obligations through FY2026 on USAspending.gov. That awarding-agency total covers 426 awards under CGAC 339. It is not a tally of futures volume or of funds held at clearinghouses. USAspending.gov records this as awarding-agency obligations through FY2026, not cash outlays. The live table for CGAC 339 is the source for the current 426-award book.

Why is the average CFTC award about $1 million?

Dividing $428,709,598.69 by 426 awards yields about $1,006,361. The packet does not include a median. A small number of large support contracts can raise the mean. The 426-award count is still the right denominator for this extract. That figure uses only the packet totals. The extract has no median and no contract-versus-assistance split. FY2026 is the warehouse cutoff, not a single-year appropriation.

What is USAspending agency code 339?

339 is the awarding-agency CGAC identifier for the Commodity Futures Trading Commission. SpendingVault URLs under /agencies/339/ filter to that code. Other regulators of financial markets use different CGACs and are totaled separately. SpendingVault URLs under the agency path filter to that CGAC identifier. It is an accounting tag, not a quality score. Totals on this page are obligations through FY2026.

Is $428.7 million the CFTC’s FY2026 budget?

No. The figure is cumulative USAspending obligations through fiscal year 2026, not a single-year appropriation. Staff salaries and many internal costs never appear as awards. Outlays are also unpublished in this packet. Outlays are unpublished in this packet, so this page does not estimate cash already paid. Refresh the agency page after USAspending updates rather than treating the current stock as frozen.