CFTC Chairman Heath Tarbert

This week’s guest on Open Mic is Dr. Heath Tarbert, chairman and chief executive of the Commodity Futures Trading Commission. The CFTC is perhaps the least known but most significant agency in Washington, regulating price discovery of most of the products consumers use every day. From electronic currencies to farm commodities and crude oil, the agency serves as an overseer of the derivatives market through various domestic commodity exchanges and collaborates with other agencies around the world. The agency has just released a position limits proposal to guard against excessive speculation in commodity trading that has been met with resistance in Washington. Tarbert says the CFTC is investing in advanced technology to monitor electronic trade and protect true price discovery.