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Today, CME Group released the following statement in response to the announcement by the Commodity Futures Trading Commission (CFTC) that Commissioner Jill Sommers will be leaving the agency this year.
"We commend Jill Sommers for her service to the CFTC and the global derivatives industry. Commissioner Sommers has been a tenacious and effective advocate for preserving the competitiveness of U.S. markets, both in her thoughtful approach to regulatory reform and in her work as Chairman of the Global Markets Advisory Committee. She demonstrated great leadership throughout her tenure at the Commission, particularly in her efforts to restore customer confidence following the failure of MF Global. Her deep understanding of our industry and careful, balanced approach to regulation were assets to the Commission and all participants in the global derivatives markets. We congratulate her on these accomplishments and wish her all the best in her future endeavors."
