CFTC Global Markets Advisory Committee

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CFTC Global Markets Advisory Committee
Founded 1998
Headquarters Washington, D.C.
Web site

The Commodity Futures Trading Commission's Global Markets Advisory Committee (GMAC) was created in 1998 to advise the Commission on issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business.


The GMAC's charter identifies the following as within its scope of activity: [1]

  • Avoiding unnecessary regulatory or operational impediments faced by those doing global business
  • Setting appropriate international standards for regulating futures and derivatives markets and intermediaries
  • Assessing the impact on U.S. makets and firms of the Commission's international efforts and the initiatives of foreign regulators and market authorities
  • Achieving continued global competitiveness of U.S. markets and firms
  • Identifying methods to improve domestic and international regulatory structures

The GMAC submits reports and recommendations to the Commission and will operate until the Commission chairman, with the concurrence of the other commissioners, determines that its continuance no longer serves the public interest.

Current Members[edit]

Commissioner Caroline D. Pham sponsors the GMAC. Harry Jung serves as the Designated Federal Officer, and Nicholas Elliot serves as the Alternate Designated Federal Officer.[2]

Previously, CFTC Commissioner Jill E. Sommers was appointed to serve as chairman and designated federal official of the GMAC. Also, Walter Lukken had chaired the committee.[3]

Members include the following industry professionals, representatives of futures exchanges, and market participants: [4]

  • Chris Allen, HSBC, General Counsel for Banking and Markets, and General Counsel of HSBC Bank plc
  • Bill Bolton, BP, Chief Financial Officer, Refining, Products, and Low Carbon Americas Trading and Shipping
  • Perianne Boring,Chamber of Digital Commerce, Chief Executive Officer
  • Darcy Bradbury, D. E. Shaw & Co., Managing Director and Head of Public Policy
  • Isaac Chang, Citadel, Head of Central Execution, Global Fixed Income
  • Nadine Chakar, DTCC, Managing Director, Global Head of Digital Assets
  • Jason Chlipala, Stellar Development Foundation, Chief Operating Officer
  • Gerald Corcoran, R.J. O’Brien and Associates, Chief Executive Officer and Chairman of the Board
  • Adam Farkas, GFMA, Chief Executive Officer, GFMA and Chief Executive Officer, AFME
  • Scott Fitzpatrick, Tradition Group, Chief Executive Officer, TraditionSEF
  • Amy Hong, Goldman Sachs, Head of Market Structure and Strategic Partnerships, Global Banking and Markets
  • John W. Horkan, LSEG, LSEG Post Trade and LCH Group Chief Operating Officer and LCH Head of Americas
  • Angie Karna, Nomura, Managing Director and Head of Legal for Global Markets, Americas
  • Kevin Kennedy, Nasdaq, Executive Vice President, North American Markets
  • Steven Kennedy, ISDA, Global Head of Public Policy
  • Derek Kleinbauer, Bloomberg LP, President of Bloomberg SEF
  • Agnes Koh, SGX Group, Chief Risk Officer
  • Mary-Catherine Lader, Uniswap Labs, Chief Operating Officer
  • Jacqueline Mesa, FIA, Chief Operating Officer and Senior Vice President, Global Policy
  • Erik Tim Müller, Eurex Chief Executive Officer, Eurex Clearing AG
  • John Murphy, Commodity Markets Council Global, Head of Futures Division, Mizuho Americas
  • Joseph Nicosia, Louis Dreyfus, Global Trading Operations Officer and Head of Global Cotton Platform
  • Dave Olsen, FIA PTG, President and Chief Investment Officer, Jump Trading Group
  • Tetsuo Otashiro, JSCC, Senior Head of Global Policy and Regulation
  • Christopher R. Perkins, CoinFund, President
  • Thomas Pluta, Tradeweb, President
  • Sachiyo Sakemi, BlackRock, Global Head of Legal for BlackRock Global Markets Group
  • Thomas Sexton, NFA, President and Chief Executive Officer
  • Andrew Smith, Virtu Financial, Senior Vice President, Global Business Development and Market Structure
  • Jason Swankoski,, Morgan Stanley, Executive Director
  • Brad Tully, ,JPMorgan Chase & Co., Global Co-Head of Corporate Derivatives and Private Side Marketing
  • Thane Twiggs, Cargill, Chief Compliance Officer, Cargill Risk Management
  • Jason Vitale, BNY Mellon, Global Head of Foreign Exchange, Fixed Income & Equities
  • Stuart Williams, ICE, Chief Operating Officer
  • Julie Winkler, CME Group, Chief Commercial Officer
  • Vadim Zlotnikov, Fidelity Investments, Head of Fidelity Institutional
  • Chris Zuehlke, DRW Partner and Global, Head of Cumberland


  1. Charter. CFTC Global Markets Advisory Committee.
  2. Global Markets Advisory Committee. U.S. Commodity Futures Trading Commission.
  3. General Press Release. Commodity Futures Trading Commission.
  4. Global Markets Advisory Committee Members. Commodity Futures Trading Commission.