Here are three statements. “Fragmentation exacerbates the already inherent challenge – adequate liquidity – and increases market fragility as a result.” “Fragmentation leads to smaller, disconnected liquidity pools and less efficient and more volatile pricing.” “Divided markets are more brittle, with shallower liquidity, posing a risk of failure in times of economic stress or crisis.” […]
The US Senate Committee on Agriculture, Nutrition, and Forestry has voted to confirm the nomination of Christopher Giancarlo as chairman for the US Commodity Futures Trading Commission (CFTC).
He has served as acting chairman since January, and today’s vote paves the way for his nomination to move forward to consideration on the Senate floor.
After the vote, Giancarlo issued the following statement: “I am humbled by the bipartisan support in the Senate Agriculture Committee for my nomination as chairman of the CFTC, and I look forward to consideration by the full Senate.
As the US prepares for the inauguration of Donald Trump as President on Friday, tomorrow at SEFCON VII industry leaders will take a look at the incoming Trump Administration: Join your swaps industry peers at SEFCON VII to hear directly from many of 2017’s newsmakers, representing a unique roster of speakers from across the regulatory, legislative, banking and buy side sectors. The headline speakers at SEFCON VII include current CFTC chairman Timothy Massad, and CFTC commissioner J. Christopher Giancarlo, as well as a special View from the Hill session with Rep. Bill Huizenga (R-MI), chair of the Capital Markets, Securities and Investment Subcommittee, House Financial Services Committee.