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<p><span>Introduction</span></p>
<p><span>Good morning. It’s a pleasure to be here for the first Global Markets Advisory Committee (“GMAC”) under Commissioner Pham’s sponsorship. The work of the Commodity Futures Trading Commission’s Advisory Committees is critical to the development of the CFTC’s regulations and policies, as well as industry best practices. I’m sincerely looking forward to GMAC’s work and the regulation-focused dialogue that this very impressive group will contribute to over the coming months and years.</span></p>