CME Group released the following statement on the U.S. Senate confirmation of Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad, and Commissioners Sharon Bowen and J. Christopher Giancarlo:
"CME Group congratulates Mr. Massad on his confirmation as CFTC Chairman and Ms. Bowen and Mr. Giancarlo on their confirmations to serve as Commissioners. We welcome their leadership at this critical time as our industry works through Dodd-Frank rule implementation, addresses competitive challenges abroad, and considers market structure dynamics.
"We look forward to working with the new Chairman and Commissioners, along with their talented and tireless colleagues Commissioners Wetjen and O'Malia, to address these issues to ensure the continued growth and resilience of the U.S. derivatives markets."