Aug 03, 2017
• Issues & Initiatives
Media Alert: DTCC Comments on Senate Confirmation of CFTC Chairman Giancarlo and Commissioners Behnam and Quintenz
New York, NY - August 3, 2017 - The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to Senate confirmation of new U.S. Commodity Futures Trading Commission appointments, including Christopher Giancarlo as Chairman and Russ Behnam and Brian Quintenz as Commissioners:
“Chairman Giancarlo’s industry experience and his thoughtful approach to public policy make him a strong choice to lead the CFTC. We applaud the steps he’s taken with his colleagues to explore how fintech can increase the effectiveness of the CFTC as well as his ongoing commitment to building greater technological expertise within the agency. I would also like to extend my congratulations to newly confirmed Commissioners Behnam and Quintenz. Each brings a unique blend of expertise that will enable them to positively contribute to the CFTC’s mission. We look forward to continuing to work closely with Chairman Giancarlo and all the Commissioners to protect the safety and soundness of the global financial community.”
With more than 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2016, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at U.S. $49.2 trillion. DTCC’s Global Trade Repository maintains approximately 40 million open OTC positions per week and processes over one billion messages per month. To learn more, visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.