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.
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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 data and the application of blockchain 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.”