Acting Chairman Pham to Launch Public Roundtables on Innovation and Market Structure
WASHINGTON, D. C. — Commodity Futures Trading Commission Acting
Chairman Caroline D. Pham is launching a series of public roundtables
on evolving trends and innovation in market structure, including
issues such as affiliated entities and conflicts of interest,
prediction markets, and digital assets. Pham renewed calls for open
public engagement and increased transparency by the CFTC on its policy
approach to changes in derivatives markets last year.
“As I
have long said, the CFTC must take a forward-looking approach to
shifts in market structure to ensure our markets remain vibrant and
resilient while protecting all participants,” Pham said. “Innovation
and new technology has created a renaissance in markets that presents
new opportunities that are accessible to more people, as well as
risks. The CFTC will get back to basics by hosting staff roundtables
that will develop a robust administrative record with studies, data,
expert reports, and public input. A holistic approach to evolving
market trends will help to establish clear rules of the road and
safeguards that will promote U. S. economic growth and American
competitiveness. ”
Over the next several months, the CFTC will
engage with industry leaders, market participants, other market
structure experts, and public interest groups through open and
transparent public roundtables to provide the CFTC with the best
information and latest data. Details about the series will be provided
as they become available.