Former Bank of Montreal (BMO) strategist Andrew Busch has been named to head up the new market intelligence unit at the U.S. Commodity Futures Trading Commission (CFTC).
Christopher Giancarlo, acting chairman of the U.S. derivatives regulator, announced that Busch will become its first chief market intelligence officer, starting April 10. In the new role, Busch “will help activate the CFTC’s latent capability for market intelligence, giving us better insight into the needs of participants in the futures and swaps we oversee,” Giancarlo says in a statement.
The CFTC created a new market intelligence unit last month to identify, analyze and communicate current and emerging derivatives market trends, such as the impact of new technologies and trading methodologies.
“In this new position, which reports directly to the chairman, Andy will engage with the CFTC’s new market intelligence unit as well as market participants, industry analysts, economists, policy makers, and other regulators,” Giancarlo says.
Busch was the global currency and public policy strategist at BMO from 2009–13. He also served as BMO’s global foreign-exchange strategist and was an outside advisor to the White House, U.S. Treasury and Congress on the financial markets from 2005-09. He joins the CFTC from Bering Productions Inc., a boutique economic research company he founded.