CFTC Appoints Bitcoin Trading Expert to Technology Committee Members. newsbtc Commodities Futures Trading Commission has appointed Paul L. Chou, a bitcoin trading expert to their Technology Advisory Committee. CFTC has also announced that on Tuesday, January 26, 2016 from 9.45 am to 3.45 p.m, the Technology Advisory Committee (TAC) will hold a public meeting at their Washington, DC Headquarters. The agenda of this meeting inclines on the following: The commission’s proposed Regulation Automated Trading (“Reg AT”);
Swap data standardization and harmonization;
Blockchain and the potential application of distributed ledger technology to the derivatives market.
CFTC, Bitcoin and Blockchain
CFTC is re-calibrating its focus on Bitcoin and Blockchain. The magnetic needle that clearly points us towards this re-calibration are the following two –
> The appointment of Paul L. Chou, CEO of LedgerX and
The third point in the above bulleted list – “Blockchain and the potential application of distributed ledger technology to the derivatives market.”
About Paul L. Chou Paul previously worked as a quantitative trader for Goldman Sachs and began working with bitcoin in 2011 before founding LedgerX in 2013. Paul received a B.S in Computer Science and a B.S in Mathematics from Massachusetts Institute of Technology. At Goldman Sachs, Paul designed and managed algorithmic trading strategies. Paul will serve CFTC in advisory capacity, with a command of capital markets knowledge and hands-on experience with new asset class – bitcoin, backed by technical understanding of Computers and Mathematics. About LedgerX LedgerX was founded in 2013 and is registered as an LLC. LedgerX has applied with the CFTC to operate the first regulated exchange and clearing house for trading bitcoin options. The CFTC is currently reviewing LedgerX’s Derivatives Clearing Organization (DCO) application and has approved a temporary Swap Execution Facility (SEF) for LedgerX. If approved, LedgerX will go […]
