Dec 17, 2021
• Press Releases
DTCC Comments on Senate Confirmation of New CFTC Chair Rostin Behnam
The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the Senate confirmation of new CFTC Chair Rostin Behnam:
“We congratulate Rostin Behnam on his confirmation as Chair of the U.S. Commodity Futures Trading Commission. Chair Behnam's confirmation recognizes his distinguished career in the public and private sectors, most recently as Acting CFTC Chair and commissioner, and as senior counsel to the U.S. Senate Committee of Agriculture, Nutrition and Forestry. We look forward to working with Chair Behnam and the CFTC to advance policies in the derivatives markets that promote market transparency, and to explore new approaches and tools to mitigate risk and make the markets more efficient."
With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, 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, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $73.5 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 15 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, Twitter, YouTube and Facebook.