DTEF is a kind of market place for which supports transactions of derivatives. It required quite a few regulatory requirements than contract market. DTEF should be registered with Commodity Futures Trading Commission (CFTC). DTEF facilitate transactions of commodities without cash market even all the listed products must not be likely to manipulation.
DTEF is a kind of substitute of contract market where it is tough to get all regulatory requirements. It provides an exchange of certain commodities (inexhaustible and deliverable supply). It does not contain retail participants. They can trade in DTEF through future commission merchants. DTEF is switched by swap execution facility (SEF) with the implementation of Dodd-Frank Act since July 16, 2010.