CFTC's Bart Chilton is on a Mission to Rein in Speculative Commodities Trading

Sept. 26, 2011 - PRLog -- Regulators should use every authority to ensure prices consumers and businesses are paying are 100 percent fair and accurate," Mr. Bart Chilton, Commissioner, U.S. Commodity Futures Trading Commission, said at the commission’s Agricultural Advisory Committee meeting. Mr. Chilton will be keynote speaker at Golden Networking’s High Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://www.HFTLeadersForum.com), October 3-5.

"Consumers are hurting, at the gas pump and at the grocery store," Commissioner Chilton had said, adding that "we haven’t done the job we need to on speculative position limits, at least not yet." As Wall Street scrambles to challenge new regulations for derivatives trading, executive compensation and debit card fees, the position limits proposal has spent months flying under the radar. The commission planned to vote on a position-limits plan at a public meeting in December. But minutes before the vote, Gary Gensler, the commission’s chairman, said he would hold off so the plan could “ripen.” In January, the agency’s commissioners voted 4 to 1 to propose spot-month position limits, or caps on the stake a trader can hold in contracts that are about to mature. The proposal would prohibit traders from acquiring more than 25 percent of the deliverable supply for any one commodity. The commission plans to phase in stricter limits, once it has collected more data on market speculation, as it was reported by The New York Times.

Prior to joining the CFTC, Mr. Chilton was the Chief of Staff and Vice President for Government Relations at the National Farmers Union where he represented family farmers. In 2005, Mr. Chilton was a Schedule C political appointee of President Bush at the U. S. Farm Credit Administration where he served as an Executive Assistant to the Board.  From 2001 to 2005, Mr. Chilton was a Senior Advisor to Senator Tom Daschle, the Democrat Leader of the United States Senate, where he worked on myriad issues including agriculture and transportation policy.

From 1995 to 2001, Mr. Chilton was a Schedule C political appointee of President Clinton where he rose to Deputy Chief of Staff to U. S. Secretary of Agriculture Dan Glickman. In this role, Mr. Chilton became a member of the Senior Executive Service (SES)—government executives selected for their leadership qualifications to serve in the key positions just below the most senior Presidential appointees. As an SES member, Mr. Chilton served as a liaison between Secretary Glickman and the Federal work force at USDA.

High Frequency Trading Leaders Forum 2011 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Upcoming Golden Networking's Forums and Business Receptions include:
•   China Happy Hour New York (http://www.ChinaHappyHour.com), September 27, New York
•   High-Frequency Trading Happy Hour Chicago (http://hfthappyhourchicago.eventbrite.com), September 27, Chicago
•   The Speed Traders Workshop 2011 Chicago, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopchicago.eventbrite.com), October 3, Chicago
•   High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumchicago.eventbrite.com), October 3-5, Chicago
•   Venture Capital Happy Hour New York (http://www.vchappyhour.com), October 4, New York City
•   China Leaders Forum 2011 New York, "How American Companies Can Plug into the Chinese Rocket-Propelled Economy?" (http://www.ChinaLeadersForum.com), October 7, New York
•   Hedge Funds Happy Hour New York (http://www.hfhappyhour.com), October 11, New York City
•   High-Frequency Trading Happy Hour New York (http://www.hfthappyhour.com), October 11, New York City
•   Private Equity Happy Hour New York (http://pehappyhour.com), October 19, New York
•   The Speed Traders Workshop 2011 Sao Paulo, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopsaopaulo.eventbrite.com), October 24, Sao Paulo
•   High-Frequency Trading Leaders Forum 2011 Sao Paulo, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsaopaulo.eventbrite.com), October 24-26, Sao Paulo, Brazil
•   High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com), October 27, Hong Kong
•   High-Frequency Trading Happy Hour Singapore (http://hfthappyhoursingapore.eventbrite.com), October 27, Singapore
•   Public Finance Leaders Forum 2011 New York, "Navigating Uncharted Territories After S&P's U.S. Debt Downgrade from its Gilt-Edged AAA Credit Rating" (http://www.PublicFinanceLeadersForum.com), November 9, New York
•   The Speed Traders Workshop 2011 Singapore, "The Present and Future of High-Frequency Trading" (http://thespeedtradersworkshopsingapore.eventbrite.com), November 13, Singapore
•   High-Frequency Trading Leaders Forum 2011 Singapore, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsingapore.eventbrite.com), November 13-15, Singapore
•   High-Frequency Trading Leaders Forum 2011 Hong Kong , "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumhongkong.eventbrite.com), December, 12-14, Hong Kong

Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
•   High Frequency Trading Leaders Forum 2011 DVD Video Package, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", http://www.HFTLeadersForum.com
•   High Frequency Trading Experts Workshop DVD Video Package, "Practical Implementation of High Frequency Trading Strategies", http://www.HFTExpertsWorkshop.com
•   2nd China Leaders Forum DVD Video Package, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?", http://www.ChinaLeadersForum.com
•   Distressed Investing Experts Forum 2010 DVD Video Package, "Analyzing and Valuing Distressed Companies, Securities and Real Estate", http://www.DistressedInvestingExpertsForum.com
•   Derivatives Leaders Forum 2010 DVD Video Package, "Strategies for Increasing Profits under an Evolving Regulatory Framework", http://www.DerivativesLeadersForum.com
•   High Frequency Trading Leaders Forum 2010 DVD Video Package, "Innovating and Profiting from High Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com
•   Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com
•   High Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High Frequency Trading Operation", http://www.HFTExpertsForum.com
•   Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass", http://www.DistressedInvestingLeadersForum.com
•   China Leaders Forum 2009 DVD Video Package, "Addressing the Challenges Posed by the Present Wave of Chinese Globalization", http://www.ChinaLeadersForum.com
•   Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com

Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10".

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