Allston Holdings Appoints Regulatory Specialist Jill Sommers

Allston Holdings LLC, a parent group of leading proprietary electronic trading firm Allston Trading, has named former CFTC Commissioner Jill E. Sommers to its Board of Managers, according to a recent Allston statement.

Chicago-based Allston Holdings deals with a variety of asset classes, with the whole group dealing with instruments ranging from Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term to equities. In her new role, she will serve on the Board of Managers, steering the firm and helping ensure proper regulatory channels are met.

Mrs. Sommers joins Allston following a stint as Commissioner of the Commodity Futures Trading Commission (CFTC), a position she relinquished last year after a six-year tenure. Prior to the CFTC, she also worked as Policy Director and Head of Government Affairs for the International Swaps and Derivatives Association, as well as working for the Chicago Mercantile Exchange (CME).

OTC Proficient With Penchant For Compliance

According to Allston CEO Raj Mahajan in a recent statement on the appointment, "we're delighted to bring Commissioner Sommers on board to help guide our strategy and navigate the evolving regulatory landscape. She has earned tremendous respect in the industry and in government for her strong leadership skills, particularly overseeing the MF Global investigation while at the CFTC. Her extraordinary working knowledge of both exchange-traded and over-the-counter derivatives markets and her appreciation for the regulations that govern them will be valuable assets to our Board."

"I'm thrilled to join the Allston Board. I've been impressed with Raj and the team at Allston, who unquestionably want to ensure that the firm follows and Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term best industry practices. I look forward to this new opportunity to understand the relevant market issues from the perspective of a leading proprietary trading participant," added Sommers in an accompanying statement.