CFTC Technology Advisory Committee: Commissioner O’Malia’s Opening Remarks on Swap Data Reporting and Big Data

CFTC Commissioner Scott O’Malia provided the opening remarks at the April 30th Technology Advisory Committee. In his remarks, O’Malia stated that the main focus of the advisory meeting was swap data reporting and big data, but also commented on large trader swaps reporting under the CFTC’s Part 20 Rules. O’Malia further noted that updates would be provided on a customer protection technology solution and CFTC Rules 1.73 (”Clearing Futures Commission Merchant Risk Management”) and 1.74 (”Futures Commission Merchant Acceptance for Clearing”).  Finally, the Commissioner commented on the recent “twitter” attack on the financial markets.

Click here to view Commissioner O’Malia’s remarks (links externally to CFTC website).
See also: TAC Meeting Agenda and List of Participants.