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Futures trading is a key area of the commodity and financial markets and is the subject of continuing regulatory change since the Financial Services Act 1986. Guidance on interpretation of the major rules and regulations is now more necessary than ever. This work provides thorough analysis and authoritative commentary on the law and regulation of futures trading. With it practitioners are brought up to date with all the latest developments in this area. This includes both domestic changes such as the SFA's ""new settlement"" rulebook, and international developments, including those in the EC, USA and Japan. Each chapter is written by a leading practitioner in the field, with coverage including: The Contractual and Fiscal Framework; Futures Regulation in the UK; Futures Trading - The Criminal Law Dimension; Futures Trading and the EC; Off-Exchange Trading; Futures Trading - Global Perspectives and much more. Providing answers to problems practitioners may face with the new rules, as well as full references to source materials, this is the most practical and thorough treatment of futures trading available to the practitioner.