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FIA PTG Retains Jim Overdahl as Spokesperson

FIA PTG Retains Jim Overdahl as Spokesperson

16 June 2010 3:00pm EDT

The FIA Principal Traders Group announced today that Jim Overdahl has been retained to act as the group’s spokesman. He will be responsible for articulating the group’s views on public policy issues and improving public understanding of the role played by principal trading firms in the financial and commodity markets.

Dr. Overdahl has served as the chief economist at both the Securities and Exchange Commission and the Commodity Futures Trading Commission and has testified before Congress on behalf of both agencies. Overdahl currently is and will remain a vice president at NERA Economic Consulting.

“I am very pleased that Jim Overdahl has agreed to act as the spokesman for the FIA Principal Traders Group,” said John Damgard, president of the Futures Industry Association. “Jim’s deep knowledge of financial and commodity markets and his experience in market regulation will make him an exceptionally effective spokesman for this group of market participants, who have become an increasingly important part of our industry.”

“There has been a lot of confusion and misunderstanding in the media about the role that principal trading firms are playing in exchange-traded markets,” said Don Wilson, chairman of the FIA PTG and chief executive officer of DRW Trading Group, a Chicago-based principal trading firm. “Our goal in asking Jim Overdahl to be our spokesman is to provide the media with a better understanding of today’s electronic markets and to articulate our views on public policy issues that affect these markets.”

The FIA Principal Traders Group is a forum for firms trading their own capital to identify and discuss issues confronting the principal traders community. Membership in the FIA PTG is limited to firms that trade for their own account rather than on behalf of customers. The group works to define common positions on public policy issues and advance the group’s collective interests through the FIA, improve public understanding of the constructive role played by principal trading groups in the exchange-traded derivatives markets; and promotecost-effective, equal and transparent access to U.S. and non-U.S. markets.

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