Hints and tips:
...Mr Newsome left the CFTC in 2004 to become president of the New York Mercantile Exchange, which was acquired by CME Group in 2008. Mr Newsome then joined the CME board....
...NYSE Euronext hired Walter Lukken, former acting chairman of the Commodity Futures Trading Commission, while CME Group has on its board James Newsome, a former CFTC chairman....
...That is unlikely, since the Dubai Mercantile Exchange – part-owned by Nymex – also plans to apply the same position limits “if and when we list a WTI contract”, according to Jim Newsome, Nymex president....
...“The current statutory structure no longer works,” Mr Newsome’s testimony, obtained by the Financial Times, says....
...Moreover, this meant there was now an “exchange-like aggregation of risk” that had potentially systemic implications, Mr Newsome said....
...Bush to the CFTC as commissioner in 2002 but spent a year as acting chairperson of the agency on the departure of James Newsome as chairman in 2004....
...Asked whether that was likely, Mr Newsome says: “We’re serious about having to evaluate that decision....
...Some observers, including Eurex, Europe’s largest derivatives exchange, had thought the CFTC’s current acting chairperson, Sharon Brown-Hruska, could be nominated to succeed James Newsome, who left nine...
...There are a number of regional products there that we’d like the opportunity to list,” Mr Newsome said....
...First, the CFTC is in transition as it awaits confirmation early this year by the new Bush administration of a chairman to replace James Newsome, who left last July to become president of the New York Mercantile...
...Some industry observers have pointed out that the CFTC has been hampered by the resignation last month of its chairman, James Newsome, and his appointment as president of the New York Mercantile Exchange...
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