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CME Group, the world's leading and most diverse derivatives marketplace, today released the following statement on the confirmation of Mark P. Wetjen to serve as a Commodity Futures Trading Commission (CFTC) commissioner:
"We congratulate Mr. Wetjen on his appointment to CFTC commissioner. Mr. Wetjen's depth of experience and knowledge make him well qualified to serve the Commission. We look forward to working with Mr. Wetjen at this critical time for the U.S. futures and options markets to ensure they remain at the forefront of our industry and continue to provide low transaction costs for market users, superior technology solutions, leading customer protection programs, and safety and soundness in the clearing and settlement of transactions. We further anticipate working with Mr. Wetjen to ensure the Commission's work to implement Dodd-Frank promotes the safety and soundness of U.S. financial markets, as well as their ability to compete in the global marketplace.
We also commend Commissioner Michael Dunn for his leadership, both as acting chairman of the Commission in 2009, and as the chairman of the CFTC's Agricultural Advisory Committee. Throughout his tenure at the CFTC, Commissioner Dunn has worked closely with the industry, providing measured and balanced leadership on complex regulatory measures impacting the U.S. futures and options markets."
