|WATCH: CFTC Rule 1.73: Jim Downs of Connamara Systems Talks About New Options Rule on MarketsWiki.tv (August 2012)|
|Employer||Connamara Systems, LLC|
James Downs is the founder and CEO of Connamara Systems, LLC, a trading systems development firm offering customized solutions serving the futures, options and equities markets. He is also a long time index options market maker at the Chicago Board Options Exchange.
CFTC Rule 1.73: Jim Downs of Connamara Systems Talks About New Options Rule
A little known CFTC rule (Rule 1.73), part of the Dodd-Frank Act, is gaining attention of futures brokers. Jim Downs, founder and CEO of Connamara Systems, explains the basics of Rule 1.73, which will force FCMs and swaps participants to create new market-based limits on options positions, as well as monitor liquidation costs, options stress tests and other compliance elements. Downs talks about the key components of the new rule, which goes into effect on October 1, and what impact it may have on the industry. Interview by John Lothian News editor-in-chief Jim Kharouf. Published August 6, 2012. Watch at MarketsWiki.tv
Downs holds a bachelor of science in electrical engineering from Purdue University. He graduated from Purdue in 1978.