The Commodity Futures Trading Commission (CFTC) announced that the Global Markets Advisory Committee (GMAC) will hold a public meeting via teleconference on March 11, 2021, from 9:00 a.m. to 1:00 p.m. Eastern Standard Time. The committee will discuss the effects of market volatility due to the coronavirus pandemic, impacts on international central counterparties, and the global clearing ecosystem, along with retail participation in derivatives markets. Members of the public can listen to the meeting by calling a toll-free number and are invited to submit written statements by March 18, 2021. All submitted statements will be published on the CFTC's website.
Simple Explanation
The Commodity Futures Trading Commission (CFTC) is having a special phone meeting to talk about how the ups and downs of money markets are affecting different parts of the world and how people buy and sell financial products. This meeting is on March 11, 2021, and anyone can listen in by calling a special phone number.