Markit’s Brad Levy Lands Spot on CFTC's Technology Advisory Committee
- Mr. Levy will help lend his industry perspective to the group, which helps advise the CFTC on the impact of technological innovations.
The US’ Commodity Futures Trading Commission (CFTC) has appointed Brad Levy, Head of Markit’s Processing Division, to its Technology Advisory Committee (TAC) with immediate effect, according to a Markit statement.
Markit (Nasdaq: MRKT) is a global provider of financial information services. In his new role on the CFTC’s TAC, Mr. Levy will help lend his industry perspective and expertise to the group, which helps advise the CFTC on the impact and implications of technological innovations on financial services and the futures markets.
The CFTC’s TAC was first launched back in 1999 and has dealt with legislative and regulatory responses that have addressed the increasing use of technology in capital markets. As recently as this week, the group met to discuss a wide range of issues, including the standardization of Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps data and the application of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe technology in the derivatives market.
Mr. Levy has garnered a large amount of experience across technology committees including stints on the Securities Industry and Financial Markets Association Technology Committee. Additional stops include the boards of directors of innovative financial technology companies, including APX Inc., BondDesk, BrokerTec Futures Exchange, CDS IndexCo, and FXall, among others.
According to Mr. Levy, in a recent statement on the appointment to the TAC: “I am honored to be a part of this important committee. Markit’s network and trade processing services are at the center of the derivatives market and I hope that our experience can help the CFTC further its mission to foster transparent, competitive and financially sound markets.”
The US’ Commodity Futures Trading Commission (CFTC) has appointed Brad Levy, Head of Markit’s Processing Division, to its Technology Advisory Committee (TAC) with immediate effect, according to a Markit statement.
Markit (Nasdaq: MRKT) is a global provider of financial information services. In his new role on the CFTC’s TAC, Mr. Levy will help lend his industry perspective and expertise to the group, which helps advise the CFTC on the impact and implications of technological innovations on financial services and the futures markets.
The CFTC’s TAC was first launched back in 1999 and has dealt with legislative and regulatory responses that have addressed the increasing use of technology in capital markets. As recently as this week, the group met to discuss a wide range of issues, including the standardization of Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps data and the application of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe technology in the derivatives market.
Mr. Levy has garnered a large amount of experience across technology committees including stints on the Securities Industry and Financial Markets Association Technology Committee. Additional stops include the boards of directors of innovative financial technology companies, including APX Inc., BondDesk, BrokerTec Futures Exchange, CDS IndexCo, and FXall, among others.
According to Mr. Levy, in a recent statement on the appointment to the TAC: “I am honored to be a part of this important committee. Markit’s network and trade processing services are at the center of the derivatives market and I hope that our experience can help the CFTC further its mission to foster transparent, competitive and financially sound markets.”