Futures Industry Association Statement On CFTC New Governance Guidelines For Futures Exchanges

The Futures Industry Association today issued the following statement from FIA President John Damgard on the Commodity Futures Trading Commission’s new governance guidelines for futures exchanges:

"FIA applauds the Commission's action to strengthen futures exchange self-regulation. FIA has participated extensively in the Commission's multi-year consideration of major reforms that would serve the needs of all market participants. While the final package does not go as far as we recommended in some areas, I believe the reforms will enhance public confidence in the integrity of U.S. futures exchange markets, when implemented."