This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. Commodity Futures Trading Commission (CFTC) Selects Innodata’s DocGenix Division As Subcommittee Member

Stocks in this article: INOD

INNODATA ISOGEN, INC. (NASDAQ: INOD) today announced that the Commodity Futures Trading Commission (CFTC) has selected Michael Will, President and Chief Product Officer of Innodata’s docGenix division, as a member of its new Technology Advisory Subcommittee on Data Standardization.

The CFTC has stated that the purpose of the Subcommittee is "to develop recommendations regarding a standardized reference data depository representing the universe of legal and financial terms utilized in describing, defining, and valuing the various derivatives and other financial instruments which are presently and in the future may be traded on and off of regulated exchanges. The creation of standardized reference points and data terms is anticipated to aid in the development and use of universal entity, product, and/or instrument identifiers and provide greater consistency in the collection, reporting, and management of individual transactions, underlying legal documents (including master agreements and credit support agreements), and risk exposures." (Federal Register notice dated May 2, 2011, seeking nominations to the Subcommittee) 1.

Of 52 nominations received by the CFTC in response to the Federal Register notice, the CFTC announced on June 23 that it selected 19 members from companies including (in addition to Innodata’s docGenix) Barclays Capital, Blackrock, Bloomberg, Citigroup, CME Group (the derivatives exchange), Depository Trust & Clearing Corporation (DTCC), Financial Industry Regulatory Authority (FINRA), Goldman Sachs, Google, Intercontinental Exchange (ICE), International Swaps and Derivatives Association (ISDA), MarkitSERV, Society for Worldwide Interbank Financial Telecommunication (SWIFT) and Thomson Reuters, as well as federal agency observers from the U.S. Securities and Exchange Commission (SEC), the U.S. Treasury/Office of Financial Research (OFR), and the Federal Energy Regulatory Commission (FERC).

In its June 23 announcement 2,Commissioner Scott O’Malia, the chairman of the CFTC’s Technology Advisory Committee, stated that he “was pleased by the large number of extremely well-qualified nominees for participation in the work of this important subcommittee.” With regard to the Subcommittee’s charter, Commissioner O’Malia also stated, “Data is the foundation of our market oversight activities and it is essential for the Commission and the market to agree on well-accepted standards for describing complex financial products.”

The Subcommittee will be chaired by the CFTC Chief Economist Andrei Kirilenko and will conduct at least three sessions. The sessions are planned for the summer, fall and winter of 2011 and will be open to the public. The Subcommittee will consist of the following four working groups: product and entity identification; semantic representation of financial instruments; machine-readable legal documents, and storage and retrieval of financial data. The Subcommittee will present a report with its recommendations to the Technology Advisory Committee, which will consider the report and make recommendations to the CFTC as to what further actions warrant consideration.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs