Commodity Futures Trading Commission Votes to Establish a New Subcommittee of the Technology Advisory Committee

CFTC

May 4, 2011

Commissioner Scott D. O'Malia, the chairman of the Technology Advisory Committee (TAC), announces that the Commission has voted to establish a Subcommittee on Data Standardization to develop recommendations regarding a standardized reference data depository representing the universe of legal and financial terms utilized in describing, defining, and valuing the various derivatives and other financial instruments which are presently and in the future may be traded on and off of regulated exchanges. The subcommittee will be chaired by Andrei Kirilenko, Chief Economist, and will report to the full Technology Advisory Committee.

Cross References

Dodd-Frank Act, Title VII