The article explores the history and regulations of commodity derivatives markets. It shows that derivatives have been used for a long time and have helped with trading. Before futures markets were established, commodity prices were more unstable. Deregulation policies in the US, EU, and other places led to a lot of money flowing into derivatives markets. This caused more uncertainty and less transparency. To understand derivatives markets better, we need better data and a strong legal and financial system. This system helps prevent market manipulation and ensures fair regulations.