Release Number 8750-23

The Global Markets Advisory Committee Announces Agenda for July 17 Meeting

July 13, 2023

— The Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC) today released the agenda for its meeting on July 17 from 9:00 a.m. to 3:00 p.m. (EST) at the New York Stock Exchange (NYSE). Commissioner Caroline D. Pham is the sponsor of the GMAC.

Commissioner Pham announced Lynn Martin, President of NYSE Group, which includes the New York Stock Exchange, the world’s largest stock market, will be the keynote speaker at the meeting. Per von Zelowitz, Director of the NY Fed’s Innovation Center, will present the newly released findings from the Regulated Liability Network U.S. Proof of Concept regarding facilitating wholesale digital asset settlement.

The GMAC meeting will also feature panel discussions on “Treasury Market Reform: Implications for and Lessons Learned from Derivatives Markets,” “Swap Block Implications on Market Structure,” and “Tokenization of Real Assets and Institutional Adoption” along with updates from the three GMAC Subcommittees: Global Market Structure, Technical Issues, and Digital Asset Markets. Further information, including speakers, is available on the detailed agenda here. Members of the public can watch the live meeting via webcast on

Previously, Commissioner Pham announced the new members and leadership of the GMAC and its Subcommittees, with 128 members in total constituting the largest-ever single advisory committee initiative overseen by the CFTC. [See Press Release No. 8740-23] Commissioner Pham also recently announced the 2023-2025 proposed work program for the GMAC, and requested public input. [See CFTC Press Release No. 8703-23]

The GMAC Chair and Vice-Chair are Amy Hong, Head of Market Structure and Strategic Partnerships, Global Banking and Markets, Goldman Sachs, and Darcy Bradbury, Managing Director and Head of Public Policy, D.E. Shaw & Co, respectively.

The GMAC Global Market Structure Subcommittee Chair and Co-Chair are Brad Tully, Global Co-Head, Corporate Derivatives and Private Side Marketing, J.P. Morgan, and Michael Winnike, Director, Head of U.S. Market Structure, Global Trading Group, BlackRock, respectively.

The GMAC Technical Issues Subcommittee Chair and Co-Chair are Allison Lurton, General Counsel and Chief Legal Officer, FIA, and Tara Kruse, Global Head of Infrastructure, Data and Non-Cleared Margin, ISDA, respectively.

The GMAC Digital Asset Markets Subcommittee Chair and Co-Chair are Caroline Butler, Global Head of Digital Assets, BNY Mellon, and Sandy Kaul, Senior Vice President, Head of Digital and Investor Advisory Services, Franklin Templeton, respectively.


Global Markets Advisory Committee Meeting



New York Stock Exchange

11 Wall Street

New York, New York 10005 

*Virtual instructions below 


Monday, July 17, 2023

9:00 a.m. – 4:00 p.m. (EDT)

Viewing/Listening Instructions: To access the live meeting feed, use the dial-in numbers below or stream on A live feed can also be streamed through the CFTC’s YouTube channel. Call-in participants should be prepared to provide their first name, last name, and affiliation, if applicable. Materials presented at the meeting, if any, will be made on

Call-in Instructions

Domestic Toll-Free Numbers:


Domestic Toll Numbers:



1-833-435-1820 or 1-833-568-8864


1-669-254-5252 or + 1-646-828-7666 or +1-551 285-1373 or +1-669-216-1590

International Numbers:

International Numbers


Webinar ID:


161 909 7276


The GMAC was created to advise the Commission on issues that affect the integrity and competitiveness of U.S. markets and U.S. firms engaged in global business, including the regulatory challenges of a global marketplace that reflects the increasing interconnectedness of markets and the multinational nature of business. The GMAC also makes recommendations regarding international standards for regulating futures, swaps, options, and derivatives markets, as well as intermediaries. Members include financial market infrastructures, market participants, end-users, service providers, and regulators. Brigitte Weyls is the GMAC Designated Federal Officer, and Philip Raimondi is the GMAC Alternate Designated Federal Officer.

There are five active Advisory Committees overseen by the CFTC. They were created to provide advice and recommendations to the Commission on a variety of regulatory and market issues that affect the integrity and competitiveness of U.S. markets. These committees facilitate communication between the Commission and market participants, other regulators, and academics. The views, opinions, and information expressed by the Advisory Committees are solely those of the respective Advisory Committee and do not necessarily reflect the views of the Commission, its staff, or the U.S. government.