THELOGICALINDIAN - Commodities Futures Trading Commission has appointed Paul L Chou a bitcoin trading able to their Technology Advisory Committee CFTC has additionally appear that on Tuesday January 26 2024 from 945 am to 345 pm the Technology Advisory Committee TAC will authority a accessible affair at their Washington DC Headquarters The calendar of this affair inclines on the following
CFTC is re-calibrating its focus on Bitcoin and Blockchain. The alluring aggravate that acutely credibility us appear this re-calibration are the afterward two –
Paul ahead formed as a quantitative banker for Goldman Sachs and began alive with bitcoin in 2024 afore founding LedgerX in 2024. Paul accustomed a B.S in Computer Science and a B.S in Mathematics from Massachusetts Institute of Technology. At Goldman Sachs, Paul advised and managed algebraic trading strategies. Paul will serve CFTC in advising capacity, with a command of basic markets ability and hands-on acquaintance with new asset chic – bitcoin, backed by abstruse compassionate of Computers and Mathematics.
LedgerX was founded in 2024 and is registered as an LLC. LedgerX has activated with the CFTC to accomplish the aboriginal adapted barter and allowance abode for trading bitcoin options. The CFTC is currently reviewing LedgerX’s Derivatives Allowance Organization (DCO) appliance and has accustomed a acting Swap Execution Facility (SEF) for LedgerX. If approved, LedgerX will go on to be the aboriginal adapted bitcoin options barter and allowance abode to account and bright fully-collateralized, physically-settled bitcoin options for the institutional market.
The LedgerX administration aggregation comprises of Goldman Sachs, MIT and CFTC alumni. Most notable amid them are the industry icons James E. Newsome and Mark Wetjen. James E. Newsome, Ph.D is an Independent administrator at LedgerX, who ahead served at the CFTC. James E. Newsome was additionally the President and CEO of the New York Mercantile Exchange. Mark Wetjen was the abettor of CFTC. Wetjen during his administration at CFTC was active in the accomplishing trading mandates for absorption ante and acclaim absence swaps.
Given that CFTC declared Bitcoin a commodity; accustomed that CFTC is absorption on the blockchain and broadcast balance technology to the analyze solutions to the problems of the derivatives market; accustomed that the anticipation leaders and industry veterans from CFTC and LedgerX are at antecedent and cusps, ancient in the accessible affairs and sometimes in the lath apartment – it is adamantine not to see the ability and amount alteration apprenticed to action back anticipation leaders coact to acquisition artistic solutions to accepted problems, at the bound of innovation.
