Bart Chilton

  • bartchilton

    News

    CFTC Chief Turned HFT Lobbyist Has Promising Backup Career As FSI* (*Fabio Stand-In)

    Chilton’s DLA Piper office is a modern, all-glass affair in central Washington. On a September afternoon he’s sitting behind a glossy oval desk with a red lava lamp on it, its cream-colored orbs undulate from one end to the other. Chilton’s long, white-steel hair flutters in the breeze of a nearby fan, and the lamp’s […]

    / Oct 16, 2014 at 11:57 AM
  • News

    Bart Chilton Has Something To Say About High-Frequency Trading

    And the flaxen-maned former CFTC commissioner said it—basically the same high-frequency traders aren’t evil but should be regulated stuff he pedaled during his regulatory years—with nary a metaphor or folklore reference in sight.

    / Jul 8, 2014 at 12:55 PM
  • News

    Bart Chilton Going Out On A High Note

    The outspoken, flaxen-maned regulator is not going to be chairman of the CFTC. So, with this, he’s achieved all he will achieve, and will take his bows, depriving the financial world of a second hirsute overseer in as many days.

    / Nov 5, 2013 at 5:13 PM
  • Basically anything you read about on Dealbreaker, or in a newspaper, is in the overlap in the middle.

    News

    Regulators Not Happy With Guy Whose Algorithm Tricked Some Other Algorithms

    An important element of any Wall Street education is figuring out what shady practices will win you a reputation as a genius, what shady practices will win you a reputation as a scumbag, and what shady practices will win you a prison sentence. There is substantial overlap!1 That education is extremely contextual, and your intuitions […]

    / Jul 22, 2013 at 3:41 PM
  • charliegasparinobartchiltonfbn

    News

    If Charlie Gasparino And The Fox Business Police Were In Charge, Jon Corzine Would’ve Been Nailed Years Ago

    As you may have heard, earlier today the Commodity Futures Trading Commission charged Jon Stevens Corzine for (allegedly!) misusing nearly $1 billion in customer funds at MF Global. According to the CFTC, this was able to happen in large part because JSC “did not enhance MF Global’s deficient systems and controls sufficiently to ensure that […]

    / Jun 27, 2013 at 5:30 PM
  • He is just impeccable.

    News

    Nobody’s Happy With CFTC’s Plan To Only Micromanage Swaps Trading Strategy A Little

    Are you as puzzled as I am by the mild brouhaha over the CFTC’s new swap execution facility rules? Basically the rules require that most swaps be traded on pseudo-exchange-y-type things called “swap execution facilities,” which are run either by an order-book system or a “request for quote” system. The RFQ system would require anyone […]

    / May 17, 2013 at 5:50 PM
  • News

    Bart Chilton Can Solve CFTC Funding, High-Frequency Trading Problem In One Fell Swoop

    If Congress won’t act to curb derivatives speculation (and fund his own agency) with a transaction fee, Bart Chilton will.

    / May 1, 2013 at 3:34 PM
  • There's a long discussion of giant centipedes. Also high-frequency trading and position limits. It is wall-to-wall bonkers.

    News

    CFTC Commissioner Bart Chilton’s Degree In Folklore And Mythology Proves Surprisingly Practical

    Finally, boys and girls, I want to tell you a bit about a children’s story. Once upon a time in a faraway land there lived a sweet young maid named Little Red Riding Hood—yeah, her. … Now, ye of little faith, before you think I’ve stopped carrying on your wayward son from futures, markets, Massive […]

    / Feb 13, 2013 at 5:36 PM
  • Bart Chilton: On The Case

    News

    RBS’s Seating Arrangements Deprived The World Of Untold Embarrassing IM Conversations

    It’s getting to be a struggle to be amused by Libor manipulation chats. RBS took its lumps today, and the CFTC and FSA orders are full of quotes, and you can read them in various round-ups, but, meh. Even Bart Chilton is bored; today’s imagery (“sends a signal to those who would monkey around with […]

    / Feb 6, 2013 at 1:34 PM
  • Financial violations, hurtling.

    Banks

    Sometimes UBS Traders Manipulated Libor Just To Mess With Each Other

    The last of the UBS Libor settlements to come out was the U.S. one and it has some of the best quotes. There’s the yen swaps trader who said “I live and die by these libors, even dream about them.” There’s … I mean, there is the life and career of Bart Chilton, in toto; […]

    / Dec 19, 2012 at 3:50 PM
  • THIS GUY

    News

    Study Suggests High Frequency Trading Might Cost Small Investors Almost One One-Hundredth Of One Percent Of Their Investments

    What do you think of the big HFT study? It’s this big HFT study that CFTC chief economist Andrei Kirilenko conducted on S&P 500 e-mini futures at the CME, and it’s already inspired a metaphor from CFTC commissioner and all-purpose spinner of metaphors Bart Chilton: Mr. Chilton said that the study would make it easier […]

    / Dec 4, 2012 at 10:02 AM
  • News

    CFTC Commissioner Bart Chilton Uses Public Meeting On Dodd/Frank Rulemaking To Test Out Open Mic Night Bits

    In full:

    “Thank you Mr. Chairman. There are a couple of important events coming up that I want to share with you today. First, tonight the All-Star game will be played. Also, in just 11 days, we’ll have the two-year anniversary of the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Now, some of you are asking, “How’s he going to put these two totally divergent things together?” It’ll all make sense in a minute. Really.

    First, how many of you have heard of Bryce Harper? He’s the youngest position player ever chosen for an All Star game and plays for what is for many of you, your hometown team, the Washington Nats. He not only has a way with the bat but he seems to have a way with words, too. A couple weeks ago, a reporter asked him what he seemed to think was a silly question, and he responded by saying, “That’s a clown question, bro.” That answer went on T-shirts. It went on late-night TV. It went viral.

    Now, back to Dodd-Frank. There are those who say we don’t need it. Let’s repeal it—or at least parts of it. Let’s de-fund the agencies overseeing it so they can’t enforce it. Heck, let’s just take ‘em to court if we don’t like the line-up. Let’s take our bat and ball and go home. So, here’s the question they seem to be asking: “Do we even need Dodd-Frank?”

    Let’s not even talk about 2008 and the financial collapse and the real reason Dodd-Frank came along in the first place. Let’s talk about how MF Global (as some would suggest) got caught trying to steal. Let’s talk about JPMorgan’s losing streak. Let’s talk about Barclays’ balk. Do we need Dodd-Frank? That’s a clown question, bro.

    So yes, we need rules. We need the funding to enforce them. Plenty of folks still seem to think they can get around the rules. Plenty of folks in this town seem to think we don’t need umpires. Do we? That’s a clown question, bro.”

    That’s A Clown Question, Bro [CFTC]

    / Jul 11, 2012 at 2:50 PM
  • News

    There’s No Betting Here, This Is A Futures Exchange

    One of the joys of structuring financial products is that, when a regulatory door is closed, a window / chimney / possibility of sawing through a non-load-bearing wall is opened, and you get to look for it, and if you find it you get rich.* So I for one look forward to the response to […]

    / Apr 3, 2012 at 6:55 PM
  • News

    You’re Invited: Journey On Our Magical Mystery Tour To Find MF Global’s ‘Missing’ Money

    Late last week, as Jon Corzine attempted to sell MF Global, it was reported that that probably wasn’t going to happen on account of the fact that those who’d taken a look at MF’s books weren’t comfortable with the approximately $600 million in customer funds that had gone “missing.” Days later, despite a manhunt for […]

    / Nov 10, 2011 at 4:35 PM
  • CFTC, Hank Paulson, Treasury

    CFTC Big To Treasury: Drop Dead

    Treasury Secretary Hank Paulson’s “blueprint” for revamping the financial regulatory system is already coming under fire from powerful agency heads. As early as Friday, even before the details of the plan were widely-known, the plan was lambasted by John Reich, the director of the Office of Thrift Supervision, which oversees the savings and loan industry. […]

    / Mar 31, 2008 at 3:25 PM

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •