Walt Lukken is President and Chief Executive Officer of FIA, the leading global trade organization for the futures, options and centrally cleared derivatives markets worldwide with offices in Brussels, London, Singapore and Washington, DC. FIA’s membership includes clearing firms, exchanges, clearinghouses, trading firms and commodities specialists from nearly 50 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in global financial markets.
Before joining FIA in 2012, Mr. Lukken was Chief Executive Officer of New York Portfolio Clearing, the capital-efficient derivatives clearinghouse jointly owned by NYSE Euronext and the Depository Trust and Clearing Corp. Under his leadership, NYPC successfully launched its “one-pot” margining of interest rate futures cleared by NYPC with fixed income cash positions cleared by DTCC’s Fixed Income Clearing Corporation. Futures and Options World awarded NYPC’s advancement its 2011 “Best Innovation by a Clearinghouse, North America.” Prior to this role, he was Senior Vice President in the Office of the General Counsel for NYSE Euronext and served on the LIFFE Board of Directors.
Mr. Lukken served as Acting Chairman of the Commodity Futures Trading Commission for 18 months from June 2007 to January 2009, a period that included the financial crisis, and as CFTC Commissioner from 2002 to 2009. In this role, he testified numerous times before Congress and served on the President’s Working Group on Financial Markets with Treasury Secretary Hank Paulson, Federal Reserve Chairman Ben Bernanke and Securities and Exchange Commission Chairman Christopher Cox. He represented the CFTC before international organizations and forums, including the International Organization of Securities Commissions. From 2003 to 2008, Mr. Lukken served as Chairman of the CFTC’s Global Markets Advisory Committee—an industry-comprised body that advises the Commission on issues affecting cross-border regulation and markets.
Prior to joining the CFTC, Mr. Lukken served for five years as counsel on the professional staff of the U.S. Senate Agriculture Committee under Chairman Richard Lugar. He specialized in derivatives markets and was prominently involved with the passage of the Commodity Futures Modernization Act of 2000. Mr. Lukken holds a B.S. degree with honors from the Kelley School of Business at Indiana University and his Juris Doctor degree from Lewis and Clark Law School in Portland, Oregon.
Mr. Lukken lives in Washington, DC, with his wife and three children.