The ex-Commissioner CFTC entered the board of directors FTX us derivatives

Former CFTC Commissioner Jill Somers became part of the board of directors of the cryptocurrency exchange FTX US Derivatives. This was reported by company representatives.

Currently, Somers is a senior adviser to Patomak Global Partners, a member of the Ethics and Compliance Boards of the Ethics and Compliance with the Non -Profit Organization of EVERYONE WINS! DC. Previously, she was two in a row, until July 2013, she served as the CTFC commissar.

Somers also has experience in the derivatives industry, including as director of politics and the head of ties with the ISDA government and the managing director of regulatory issues of CME .

Since the launch in 2017, the FTX Derivatives, previously known as Ledgerx, has made cryptocurrency options and swap contracts available for investors around the clock and seven days a week. Its proposals include calculations with physical delivery, the possibility of block and algorithmic trade for institutional investors.

Recall that in 2019, Ledgerx received a license from an authorized Derivative market from CFTC.

In August 2021, the American “daughter” of the FTX Bitcoin-Birzhi acquired Ledgerx.

Currently, the FTX US Derivatives has licenses of a specialized contract market, a derivatives clearance center and a resolution for the execution of Swaps from CFTC.

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