Knight Investments LLC & US Commodity Futures Trading Commission review Energy & Environment Markets
Online, September 30, 2009 (Newswire.com) - The Commodity Futures Trading Commission (CFTC or Commission) convened in a public the second meeting of its expanded Energy and Environmental Markets Advisory Committee (EEMAC) at 8:00 a.m. EDT, on Wednesday, September 16, 2009, at the CFTC's New York Regional Office, 140 Broadway, 19th Floor, New York, NY 10005.
The Committee focused on recent CFTC hearings on position limits and hedge exemptions, regulatory reform and legislative proposals, and carbon and other emissions trading markets. All of which Knight Investments LLC President Jayson Lopez identified were important areas to raise given the recent needs to fund projects in this sector.
Knight Investments LLC aides have disclosed that company official have worked very diligently to implement programs that will help develop projects to fruition; Particularly in the categories of grants to business development.
KI Public Relations Director Seraphina Rosa disclosed that new packaged would soon be developed to help aspiring principals seeking Micro Capitalization requirements. She hinted, "There's a huge project brewing that will really take the market by storm; we think it will greatly help projects, and lenders alike."
Bart Chilton, the Committee's Chair, stated that "As Congress once again takes up the important topic of cap and trade legislation, the issue of regulatory oversight in these markets becomes even more critical. The CFTC has a longstanding history of federal regulation of derivatives trading-from monitoring exchange activity to ensuring financial responsibility to carrying out disciplinary and enforcement actions, and it's very important to have the federal oversight of the entire market as seamless as possible. These markets will be so big, and their impact so large, that the oversight needs to be done right-from the outset."
KI Chief Financial Officer Montelly Lopez Jr was supportive of the Committee's Chair statement and said that monitoring exchange activity was the best way to ensure that correct responsibility was being implemented.
"Given the recent light of lack of accountability on project appropriations there have been many cases where principals did not receive the total funding proceeds from trade," said an undisclosed source at a Private Trade Desk.
The CFTC's Division of Market Oversight also presented an update on energy and environmental markets, the Office of Legislative Affairs presented an update on current legislation and several Committee members presented their views on specific issues. The Commission invited staff from other federal agencies to attend as observers, and was in great support for public agencies such as Knight Investments LLC to attend and observe as well.