CFTC Chair Says Agency is ‘Finally’ Getting Resources to Bolster Tech
Giancarlo lauds budget approval from Congress in swansong industry appearance.
According to the outgoing head of the US derivatives regulator, the Commodity Futures Trading Commission (CFTC) is “definitely in the direction” it needs to go to modernize its technology, citing congressional approval of an enhanced budget, although it still has some distance to travel before it truly becomes a “quantitative regulator.”
J. Christopher Giancarlo, chair of the CFTC, told reporters at a futures industry conference in Boca Raton, Fla., on March 13 that he felt the agency had made
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