Technology Advisory Committee

Commodity Futures Trading Commission
Technology Advisory Committee

Meeting Agenda
Wednesday, May 2, 2001
1:30 - 5:00 p.m.

1:30 p.m. Welcoming Remarks
Commissioner Thomas J. Erickson, Committee Chairman

1:40 p.m. Remarks
Acting Chairman James E. Newsome

1:45 p.m. Implementation of the Commodity Futures Modernization Act of 2000: Electronic Trading Facilities

    • CFMA Requirements and Pending Rulemaking
    Paul M. Architzel, Chief Counsel, CFTC Division of Economic Analysis

    • Past, Present, and Future Exchanges: Regulatory Issues
    John C. Lawton, Acting Director, CFTC Division of Trading and Markets

    • Outstanding Issues Under the CFMA
    Philip McBride Johnson, Head of Exchange-Traded Derivatives, Skadden, Arps, Slate, Meagher & Flom LLP

2:25 p.m. Electronic Order Routing: Guidance on Implementing Best Practices

    • Yvonne J. Downs, Senior Vice President, Compliance, National Futures Association

2:45 p.m. Straight-Through Processing

    • Charles P. Nastro, Managing Director / Director of Futures, Lehman Brothers

3:10 p.m. Break

3:20 p.m. Real Issues in a Virtual World: Technology and Its Challenges

    • Functionality, Capacity, and Security: Are Technology Audits the Answer?
    Scott L. Johnston, Managing Director and CIO, Chicago Mercantile Exchange

    • Error Trade Policies: How Should “Fat Finger” Errors Be Addressed?
    Bryan T. Durkin, Senior Vice President and Administrator, Office of Investigations and Audits and Order Routing, Chicago Board of Trade

    • Disaster Scenarios in Linked Markets: Who's in Charge?
    Anthony J. Leitner, Managing Director and General Counsel for Equities, Goldman Sachs

4:30 p.m. Going Forward: Issues, Priorities, and Process