Senators Question CFTC Commissioner Candidates (With Delta Strategy Group Summary)

Senate Agricultural Committee members questioned two nominees for CFTC Commissioner. The nominees were Christopher James Brummer and Brian D. Quintenz.

According to the Delta Strategy Group summary of the nomination hearing:

• both nominees agreed that the CFTC should work closely with agricultural end users to address their hedging needs;
• the nominees agreed that due process and confidentiality should not be violated in circumstances where the CFTC acquires a firm's source code without a subpoena (with respect to Regulation Automated Trading); and
• the nominees agreed that cross-border rulemaking is important for functioning markets, and recognized that other jurisdictions may have different rulemaking processes and incentives.