Brumfield targets 'fair compensation'

23 Aug 2004

In an exclusive interview with FO Week, TT ceo Harris Brumfield said that he does not believe ISVs are adequately rewarded for their contribution to the development of the derivatives industry. He also said that the firm's intellectual property strategy was just part of an "aggressive" growth plan that incorporates recent developments and a near-term move into the retail arena.

"If...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.