Release: #4124-98
For Release: March 19, 1998

Commissioner Barbara Holum Announces Membership of the CFTC's Global Markets Advisory Committee

Commissioner Barbara P. Holum, Chairman of the Commodity Futures Trading Commission's Global Markets Advisory Committee (GMAC), today released the membership list for the newly-formed advisory committee. The GMAC will bring together diverse interests affected by the globalization and linkage of markets. Members of the committee include representatives of those U.S. markets, firms and market users most directly affected by global business. A copy of the membership list is attached, along with the March 10, 1998, press release (#4117-98) announcing the establishment of the GMAC.

Members of the CFTC's Global Markets Advisory Committee

Mr. Patrick Arbor
Chicago Board of Trade
141 West Jackson Boulevard
Chicago, IL 60604

Mr. Arthur F. Bell, Jr.
Arthur F. Bell, Jr. & Associates
Heaver Plaza, Suite 200
1301 York Plaza
Lutherville, MD 21093

Ms. Kyra Bergin
Managing Director
European General Counsel
Salomon Brothers International LTD
Victoria Plaza
111 Buckingham Palace Rd.
London, SW1W OSB England

Mr. Marc E. Berman, Esq.
Swiss Bank Corporation
141 West Jackson Drive
Chicago, IL 60604

Mr. Peter F. Borish
Computer Trading Corporation
One World Financial Center
New York, NY 10281

Mr. Marc Breillout
Four World Trade Center
Suite 5274
New York, NY 10048

Ms. Denise Voigt Crawford
Securities Commissioner
Texas State Securities Board
P.O. Box 13167
Austin, TX 78711

Mr. David Downey
Vice President
Timber Hill
LLC 223 West Jackson Boulevard
Suite 1014 Chicago, IL 60606

Ms. Gay Huey Evans
International Swaps and
Derivatives Association, Inc.
Bankers Trust
One Appold St.
London, UK EC 2A 2HE

Mr. John Frawley, Jr.
Managed Funds Association
World Financial Center
South Tower - 6th Floor
225 Liberty Street
New York, NY 10080

Mr. Scott Gordon
Chicago Mercantile Exchange
30 South Wacker Drive
Chicago, IL 60606

Mr. Douglas Harris
Arthur Andersen LLP
1345 Avenue of the Americas
New York, NY 10105

Mr. Ronald M. Hersch
Futures Industry Association
c/o Bear Stearns & Company, Inc.
245 Park Ave.
New York, NY 10167

Mr. Jeff Jennings
Morgan Stanley
1585 Broadway
New York, NY 10036

Mr. Timothy J. Lankford
BT Futures Corp.
141 West Jackson Boulevard
Chicago, IL 60604

Mr. Peter C. Lee
Managing Director Exchange-Traded
Derivatives Global Execution Services
Merrill Lynch
141 West Jackson Boulevard
Suite 380
Chicago, IL 60604

Ms. Bonnie S. Litt
Vice President and Associate General Counsel
Global Futures
Goldman Sachs & Company
85 Broad St.
New York, NY 10004

Mr. William Maitland
Executive Managing Director and Chief Legal Officer
Nomura Securities International, Inc.
Two World Financial Center, Building B
New York, NY 10281

Ms. Gloria Matthews
McDermott, Will & Emery
600 13th St., N.W.
Washington, D.C. 20005

Mr. Leo Melamed
Sakura Dellsher Inc.
10 South Wacker Drive
Suite 3200
Chicago, IL 60606

Ms. Diane Mix
President & Principal
Horizon Cash Management LLC
325 West Huron
Chicago, IL 60610

Mr. Daniel Rappaport
New York Mercantile Exchange
One North End Ave.
World Financial Center
New York, NY 10282-1101

Mr. Adolph G. Reinhardt
Coffee, Sugar & Cocoa Exchange, Inc.
Four World Trade Center
New York, NY 10008

Mr. Gary Seevers
60 Center Street
Westport, CT 06880

Mr. Verne O. Sedlacek
Chief Financial Officer
Harvard Management Company, Inc.
600 Atlantic Ave.
Boston, MA 02210

Mr. John G. Walsh
Executive Director
The Group of Thirty
1990 M St., N.W.
Washington, D.C. 20036

Mr. Jan Waye
Senior Vice President
Cargill Investors Services, Inc.
Sears Tower, Suite 2300
233 South Wacker Dr.
Chicago, IL 60606

Mr. Albert Weis
New York Cotton Exchange
Four World Trade Center
New York, NY 10048

Mr. Robert Wilmouth
National Futures Association
200 West Madison St.
Chicago, IL 60606

Ms. Emily Ziegler
Willkie, Farr & Gallagher
One Citicorp Center
153 East 53rd St.
New York, NY 10022

Release: #4117-98

For Release: March 10, 1998


Washington--The Commodity Futures Trading Commission (CFTC) announced today the establishment of the "Global Markets Advisory Committee (GMAC)." The Commission created the GMAC to provide a forum in which it can discuss the myriad of complex and novel issues raised by the ever-increasing globalization of futures markets. The Committee will explore the many competitive and regulatory issues facing U.S. markets and U.S. firms engaged in providing financial services on a global basis.

Commissioner Barbara P. Holum will serve as Chairman and Designated Federal Official of this Advisory Committee. The members of the Committee will include those U.S. markets, firms and market users most directly involved in and affected by global operations and will be balanced in terms of points of view represented.

In accepting her appointment, Commissioner Holum stated, "I am honored to Chair this important Committee, and I look forward to working with the representatives of the U.S. futures industry and market users to ensure that this Committee serves as an effective forum to communicate their global concerns to the Commission."

For further information concerning this Committee, please contact Helen G. Blechman, Assistant General Counsel, (202) 418-5116, or the Commission's Office of Public Affairs, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5080.