Monday, 22 December 2014
Last updated 2 hours ago
Jun 4 2014 | 8:38am ET
The U.S. Senate yesterday confirmed former Treasury Department official Timothy Massad as head of the Commodity Futures Trading Commission, while also approving two other nominees to the regulator.
Massad and Republican nominee J. Christopher Giancarlo were confirmed by voice vote. Former Latham & Watkins lawyer Sharon Bowen was approved by a narrow two-vote margin amidst opposition from Republicans and some Democrats.
The CFTC has been operating with just two members since March, when commissioner Bart Chilton stepped down. Former CFTC Chairman Gary Gensler’s term expired at the beginning of the year; Massad was nominated to the post in November.
Massad led the Troubled Asset Relief Program bailout for three years before his nomination. A lawyer formerly at Cravath Swain & Moore, he was previously senior legal adviser to the Congressional Oversight Panel.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.