CFTC Global Market Advisory Committee

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CFTC Global Market Advisory Committee
Founded	1998
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The Commodity Futures Trading Commission's Global Markets Advisory Committee (GMAC) was created in 1998 to advise the Commission on issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business.

Purpose

The GMAC's charter identifies the following as within its scope of activity: ^[1]

• Avoiding unnecessary regulatory or operational impediments faced by those doing global business
• Setting appropriate international standards for regulating futures and derivatives markets and intermediaries
• Assessing the impact on U.S. makets and firms of the Commission's international efforts and the initiatives of foreign regulators and market authorities
• Achieving continued global competitiveness of U.S. markets and firms
• Identifying methods to improve domestic and international regulatory structures

The GMAC submits reports and recommendations to the Commission and will operate until the Commission chairman, with the concurrence of the other commissioners, determines that its continuance no longer serves the public interest.

Current Members

CFTC Acting Chairman Walter Lukken chaired the Global Markets Advisory Committee until February 4, 2008, when CFTC Commissioner Jill E. Sommers was appointed to serve as chairman and designated federal official of the GMAC.^[2]

Members include the following industry professionals, representatives of futures exchanges, and market participants: ^[3]

• Robert Aron, chairman, Managed Funds Association
• Mathew Andresen, president, Citadel Execution Services
• Richard Berliand, global head of Futures and Options, JPMorgan Securities Ltd.
• George E. Crapple, co-chairman and co-chief executive officer, Millburn Corporation
• Bernard Dan
• Kevin Davis, chief executive office, MF Global
• Michael Dawley, vice president, Global Futures Services, Goldman, Sachs & Co.
• Craig Donohue, chief executive officer, CME Group
• Ronald Filler, managing director Lehman Brothers
• Arthur Hahn, partner, Katten Muchin Zavis Rosenman
• Robert Klein, managing director and associate general counsel, Citigroup Global Markets, Inc.
• Roy Leighton, chairman, Futures and Options Association
• Roger Liddell, chief executive officer, London Clearing House
• Bonnie Litt, managing director and associate general counsel, Goldman, Sachs & Co.
• Joanne Medero, managing director and general counsel, Barclays Global Investors
• James Newsome, president, New York Mercantile Exchange
• Robert Pickel, executive director and chief exectuive officer, International Swaps and Derivatives Association
• Peter Reitz, member of the Executive Board, Eurex Frankfort AG
• Nick Ronalds, director, UBS Securities LLC
• Daniel J. Roth, president, National Futures Association
• Jeffrey Sprecher, chairman and chief executive officer, IntercontinentalExchange (ICE).

References

1. ↑ Charter. CFTC Global Markets Advisory Committee. Retrieved on May 30, 2008.
2. ↑ General Press Release. Commodity Futures Trading Commission. Retrieved on May 30, 2008.
3. ↑ Global Markets Advisory Committee Members. Commodity Futures Trading Commission. Retrieved on May 30, 2008.