### Question
How does COMMODITY EXCHANGES define commodity pool operator?


### Answer
Under *7 U.S.C. § 1a*, **commodity pool operator** is defined as:

> any person—


(i) engaged in a business that is of the nature of a commodity pool, investment trust, syndicate, or similar form of enterprise, and who, in connection therewith, solicits, accepts, or receives from others, funds, securities, or property, either directly or through capital contributions, the sale of stock or other forms of securities, or otherwise, for the purpose of trading in commodity interests, including any—


(I) commodity for future delivery, security futures product, or swap

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

