Golden Networking

Caging The Financial Cheetahs Reloaded

High Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", Featuring Commissioner Bart Chilton, U.S. Commodity Futures Trading Commission

 

New York, NY -- (SBWIRE) -- 10/03/2011 -- "Caging the Financial Cheetahs" was a presentation by Mr. Bart Chilton, a Democrat Commissioner of the U.S. Commodity Futures Trading Commission, given a few months ago. He will back in the speaking podium 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.

The New York Times later reported that despite the potential for turmoil, Mr. Chilton had said that regulators had largely failed to police high-frequency trading, which accounts for roughly 50 percent of European trading and about a third of activity in the United States markets. “We need to be more inquisitive and think about these kinds of things before they reach trouble points manifested in market anomalies,” he had said. “There will be a steep price to pay if regulators and exchanges around the globe don’t effectively manage the change taking place as a result of new computerized trading.” Mr. Chilton floated several possible policy changes during his speech, including a plan that would mandate “kill switches to stop cheetah trading if a computer program goes feral.”

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.

Mr. Chilton was born in Delaware and spent his youth in Indiana, where he attended Purdue University (1979—1982). He studied political science and communications and was a collegiate leader of several organizations. Mr. Chilton and his wife, Sherry Daggett Chilton, split their time between Washington, D. C. and Arkansas.

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. 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".