Employees were evacuated shortly after the first plane hit and had reached the street when the towers fell. All CFTC employees have since been accounted for.
The CFTC, created by Congress to regulate US commodity futures and option markets, protects market participants against manipulation, abusive trade practices, and fraud.
“Although the agency’s offices were completely destroyed, its operations will continue uninterrupted since the New York office’s surveillance systems are backed up at the agency’s offices in both Washington DC and Chicago,” R. David Gary, deputy director at the Office of Public Affairs told PLANSPONSOR.com.
Plans for new New York City office space are still up in the air, he said.
“We are hoping that one of the exchanges downtown may be able to accommodate our New York market surveillance operations,” Gary added. “But failing that, we will have to find new space to lease.”
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