WASHINGTON, D.C.—Feb. 1, 2007—The Futures Industry Association today issued the following statement from FIA President John Damgard on the Commodity Futures Trading Commission’s new governance guidelines for futures exchanges:
"FIA applauds the Commission's action to strengthen futures exchange self-regulation. FIA has participated extensively in the Commission's multi-year consideration of major reforms that would serve the needs of all market participants. While the final package does not go as far as we recommended in some areas, I believe the reforms will enhance public confidence in the integrity of U.S. futures exchange markets, when implemented."
