Ten years ago, I found myself right at the heart of one of the worst financial crises our generation has ever seen. In March 2008, I was serving as the acting head of the Commodity Futures Trading Commission, and the warning lights on our market risk monitors were flashing red.
CONTINUE READINGThe summer is usually a quiet time here in Washington, D.C. but this year proved to be an exception.
CONTINUE READINGAs I write this in early November, I am preparing for a trip to Beijing and Singapore, and I only just returned from a trip to Chicago. I can’t help but think about the connections that link our global markets together.
CONTINUE READINGA recent news article caught my attention and highlighted the power of our markets to change the human condition. While a U.S. story, it has implications for all markets globally. A few months ago buried in the business section of the newspaper read a headline—the U.S. had become the world’s largest producer of crude oil and a net exporter of petroleum for the first time in 75 years, thanks to an unprecedented boom in oil production over the last decade.
CONTINUE READINGI don't want to sound like a cranky old man on a porch, but flabbidy-flew, the world is changing fast. As the chart in this column shows, the pace of technological adoption is accelerating rapidly, and we now have access to inventions that previous generations could only dream about.
CONTINUE READINGCME Group is strengthening its already powerful position in equity derivatives through an ambitious partnership with FTSE Russell, the index services arm of the London Stock Exchange Group.
CONTINUE READINGThis year’s FIA Boca put a special emphasis on emerging technologies. Executives from venture capital companies and technology providers shared their perspectives on the growth of fintech startups, the challenges to adopting new technologies, and the potential impact on business models.
CONTINUE READINGTwo innovative data providers, TellusLabs and Orbital Insight, have partnered with CME to distribute their data to market participants.
CONTINUE READINGOn July 31, the U.S. Treasury Department released a report on financial technology and innovation. The report is the fourth and final in a series drafted in response to an executive order issued by President Trump in February 2017. The 200-page report describes the dramatic advances in financial technology in recent years and makes more than 80 recommendations to promote innovation in financial services.
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