CME Group, the world's leading and most diverse derivatives marketplace, released the following statement on Walt Lukken being named the new president of the Futures Industry Association (FIA):
"We congratulate Walt Lukken on his appointment to head the Futures Industry Association. CME Group has had a long history of working closely with Walt during his tenure as Commissioner and then Acting Chairman of the Commodities Futures Trading Commission. His experience and depth of knowledge make him an ideal candidate to lead the FIA and we look forward to working with him to ensure the CFTC properly implements Dodd-Frank, enhances customer protection mechanisms following the failure of MF Global, and enhances the global competitiveness of U.S. futures markets."
"We also commend John Damgard for his 30 years of leadership as FIA President. Throughout his tenure at FIA, John has been a strong advocate for the global futures industry in Congress and around the world. He built the FIA into the recognized institution it is today. We wish him the best and thank him for his outstanding service to the industry."
